Optimal Policy for Remanufacturing Firms with Carbon Options under Service Requirements  

作　　者：Junfei Ding Weida Chen Shuaishuai Fu 

机构地区：[1]School of Economics and Management,Southeast University,Nanjing 211189,China

出　　处：《Journal of Systems Science and Systems Engineering》2022年第1期34-63,共30页系统科学与系统工程学报（英文版）

基　　金：We thank the editor and two anonymous referees for their constructive comments and many valuable suggestions that have significantly improved the quality of this paper.This work has been supported by the National Natural Science Foundation of China(NSFC),under Grant Nos.71971058,71571042,and 71971210.

摘　　要：This paper studies the procurement management of carbon financial instruments and the production decisions for an emission-dependent remanufacturing firm under service requirements.In the presence of demand uncertainty,carbon emission options are introduced to hedge risks for the firm who purchases carbon financial instruments under a cap-flexible emission trading scheme(ETS)and then conducts remanufacturing.We develop three optimization models to determine the optimal remanufacturing quantity(procurement quantity of carbon financial instruments)maximizing the firm's expected profit under three contracts:a pure wholesale price contract,a pure carbon option contract,and a portfolio contract.Through analyses and comparisons of optimal solutions,we demonstrate the values of introducing carbon options and committing to service levels for the firm.Compared with the other two pure contracts,the portfolio contract makes the firm better off.However,high service requirements may lead to a profit loss to the firm.We generalize to the cases when the yield rate is dependent on the quality of used products,when the yield is stochastic,and when carbon price performs volatility.Discussion of these extensions illuminates how the variability of used product quality,yield rate and carbon price influences the firm's performances.

关 键 词：Carbon options REMANUFACTURING service requirements emission trading scheme 

分 类 号：F426[经济管理—产业经济]