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Equilibrium Optimization with Multi-Energy-Efficiency-Grade Products: Government and Market Perspective
Journal article   Open access   Peer reviewed

Equilibrium Optimization with Multi-Energy-Efficiency-Grade Products: Government and Market Perspective

Qiuyun Zhu, Xiaoyang Zhou, Aijun Liu, Chong Gao, Lei Xu, Fan Zhao, Ding Zhang and Benjamin Lev
Energies (Basel), v 15(19), p7376
01 Oct 2022
url
https://doi.org/10.3390/en15197376View
Published, Version of Record (VoR)CC BY V4.0 Open

Abstract

Energy & Fuels Science & Technology Technology
This paper studies the multi-level supply chain network equilibrium optimization problem of multi-energy-efficiency products under different government subsidies and demand scales. In the equilibrium optimization problem, manufacturers determine the production volume of the energy-saving products; retailers decide the transaction volume with manufacturers, distribution volume for markets, and marketing efforts of energy-saving products; markets determine the transaction price. Firstly, the optimal decision-making behaviors of manufacturers, retailers, and markets are described. Simultaneously, the global optimization problem is transformed into a finite-dimensional variational inequality formulation. Then, the equilibrium conditions of the whole supply chain network are derived by the Euler method. Finally, a case study verifies the effectiveness of the proposed method. Interestingly, we found that energy-saving subsidies and demand scales were negatively correlated with the marketing efforts of the subsidized retailers for high energy-efficient products and positively correlated with the marketing efforts of non-subsidized retailers for high energy-efficient products in the same market; the development of retailers in the same market tended to be consistent, and the differentiation of the demand scale eliminated the retailers without a competitive advantage.

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#12 Responsible Consumption & Production

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Collaboration types
Domestic collaboration
International collaboration
Web of Science research areas
Energy & Fuels
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