Files and links (1)
Published, Version of Record (VoR)CC BY V4.0, Open
Journal article
Equilibrium Optimization with Multi-Energy-Efficiency-Grade Products: Government and Market Perspective
Energies (Basel), v 15(19), p7376
01 Oct 2022
Featured in Collection : UN Sustainable Development Goals @ Drexel
Abstract
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.
Metrics
Details
- Title
- Equilibrium Optimization with Multi-Energy-Efficiency-Grade Products: Government and Market Perspective
- Creators
- Qiuyun Zhu - Xidian UniversityXiaoyang Zhou - Xi An Jiao Tong Univ, Sch Management, Xian 710049, Peoples R ChinaAijun Liu - Xidian Univ, Sch Econ & Management, Xian 710126, Peoples R ChinaChong Gao - Xidian Univ, Sch Econ & Management, Xian 710126, Peoples R ChinaLei Xu - Civil Aviat Univ China, Econ & Management Coll, Tianjin 300300, Peoples R ChinaFan Zhao - Xidian Univ, Sch Econ & Management, Xian 710126, Peoples R ChinaDing Zhang - SUNY Coll Oswego, Sch Business, Oswego, NY 13126 USABenjamin Lev - Drexel University
- Publication Details
- Energies (Basel), v 15(19), p7376
- Publisher
- Mdpi
- Number of pages
- 23
- Grant note
- 71871175; 71640013 / National Natural Science Foundation of China; National Natural Science Foundation of China (NSFC) 2018M640188 / China Postdoctoral Science Foundation G2022202001L / SAFEA High-End Foreign Experts Project 2019KJXX-031 / Shaanxi Province Innovative Talents Promotion Plan-Youth Science and Technology Nova Project
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Decision Sciences (and Management Information Systems)
- Web of Science ID
- WOS:000866875500001
- Scopus ID
- 2-s2.0-85139920950
- Other Identifier
- 991019238788904721
UN Sustainable Development Goals (SDGs)
This publication has contributed to the advancement of the following goals:
InCites Highlights
Data related to this publication, from InCites Benchmarking & Analytics tool:
- Collaboration types
- Domestic collaboration
- International collaboration
- Web of Science research areas
- Energy & Fuels