Decision Analysis for the Remanufacturing System in the Presence of Carbon Cap and Trade Policy and Low-Carbon Consumers
Table 1
Model notations.
Notations
Definitions
Price of the new/remanufactured product.
Demand for the new/remanufactured product, where i = 1/2/3 stands for no/partial/full remanufacturing and j = 1, 2 stands for the model without and with CCT, respectively.
Ratio of the functionality-oriented consumers (FOCs)/the newness-conscious consumers (NCCs).
θ'/0
The NCCs' willingness to pay (WTP) for each unit's new/remanufactured product.
θ/ θ
The FOCs' WTP for each unit new/remanufactured product, where indicates the discount factor of the FOCs' WTP for each unit remanufactured product.
Profit of the OEM/IR.
Production cost per unit of the new/remanufactured product, where r (0, 1) indicates the cost saving for the remanufactured product.
c
The unit price of the carbon trading.
Allocated carbon allowance per unit of new/remanufactured product.
Carbon emissions per unit of new/remanufactured product.
The carbon trading volume of the OEM/IR, where indicates the saving of the carbon emission for the remanufactured product.
