The Decision Analysis and Strategy for Reuse of Waste Materials Based on Game Theory under Asymmetry Information

Li Qian; Jian Guo Du; Shuai Jin

doi:10.4028/www.scientific.net/AMM.448-453.4449

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HomeApplied Mechanics and MaterialsApplied Mechanics and Materials Vols. 448-453The Decision Analysis and Strategy for Reuse of...

The Decision Analysis and Strategy for Reuse of Waste Materials Based on Game Theory under Asymmetry Information

Abstract:

In order to explore the waste reuse problem, we establish waste reuse model composed of manufacturer1 which is a waste supplier and manufacturer 2 which is a waste buyer, when the information of recycling cost is symmetry and asymmetry. The paper gives the output and price strategy of main product under different conditions. The result shows manufacturer1 runs more risk when information of recycling cost is asymmetry. Therefore manufacturer1 needs to prevent risk associated with asymmetric information. This paper further gives manufacturer1’s cost sharing contract which reduces manufacturer1’s risk and increase profits.

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Periodical:

Applied Mechanics and Materials (Volumes 448-453)

Pages:

4449-4454

DOI:

https://doi.org/10.4028/www.scientific.net/AMM.448-453.4449

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Online since:

October 2013

Authors:

Li Qian, Jian Guo Du*, Shuai Jin

Keywords:

Asymmetric Information, Cost Sharing, Supply Chain, Waste

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* - Corresponding Author

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