https://scholars.lib.ntu.edu.tw/handle/123456789/612207
標題: | Optimal advertising and pricing for new green products in the circular economy | 作者: | Shen B. Liu S. Zhang T. TSAN MING CHOI |
關鍵字: | Advertising; Circular economy; Green product; Pricing; Product substitution; Supply chain | 公開日期: | 2019 | 出版社: | Elsevier Ltd | 卷: | 233 | 起(迄)頁: | 314-327 | 來源出版物: | Journal of Cleaner Production | 摘要: | In the circular economy era, environmental sustainability is critical, and both green and non-green products with similar functions co-exist in practice. There is little doubt that these two types of products are competing and may substitute one another even though one is more environmental friendly than the other. In this paper, we build analytical models to explore the optimal advertising and pricing decisions for a green product in the presence of a non-green product substitute. We investigate both simultaneous and sequential pricing strategies under which there are three possible pricing scenarios, namely: 1) both prices of green and non-green products are determined simultaneously (Strategy IP), 2) the green product's price is decided first and then the non-green product's price is determined (Strategy GL), and 3) the non-green product's price is decided first and then the green product's price is determined (Strategy NL). We find that the sequential pricing strategy is more profitable than the simultaneous pricing strategy for both green and non-green supply chains. It is interesting to prove the existence of ?econd-mover advantage??in the pricing game. Moreover, we identify that if the green supply chain uses Strategy NL, it could achieve a better performance in profit and minimize the corresponding environmental impact. If the green supply chain is truly socially responsible, it should design a product with low substitutability, so that the environmental impact can be enhanced. Furthermore, our numerical results indicate that Strategy IP never performs the best in terms of consumer surplus and social welfare when the product substitution level is sufficiently high. Findings of this paper contribute to the literature on cleaner production systems in the circular economy era. ? 2019 |
URI: | https://www.scopus.com/inward/record.uri?eid=2-s2.0-85067201244&doi=10.1016%2fj.jclepro.2019.06.022&partnerID=40&md5=0d4d0f3ed9259d6805e1dc1e0d5f92b4 https://scholars.lib.ntu.edu.tw/handle/123456789/612207 |
DOI: | 10.1016/j.jclepro.2019.06.022 | SDG/關鍵字: | Costs; Marketing; Pollution control; Profitability; Supply chains; Sustainable development; Circular economy; Cleaner production; Environmental sustainability; Environmental-friendly; Green products; Green supply chain; Optimal advertisings; Product substitutions; Product design |
顯示於: | 工商管理學系 |
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