Nanjing University of Aeronautics and Astronautics
In a closed-loop supply chain (CLSC) consisting of a manufacturer and a retailer, we construct the decision-making game model by considering fairness concerns under different warranty modes. Furthermore, the impact of warranty modes and retailer"s fairness concerns on CLSC pricing and warranty period decisions as well as the economic and environmental benefit are discussed, and the warranty efficiency of different warranty models is analyzed. The results show that when the warranty cost is low and consumers are more sensitive to different warranty periods between new and remanufactured products, manufacturers or retailers will provide long-term warranty services for remanufactured products; retailers" fairness concerns will reduce the wholesale prices both of the new and remanufactured products; the impacts of the fairness concerns on the sale price and warranty period of remanufactured products and the economic and environmental benefits of the supply chain are closely related to different product warranty modes. The economic and environmental benefits of the two warranty modes are contingent on the warranty costs and the relative environmental advantage of remanufactured products. When the relative cost advantage of retailer warranty and the relative environmental advantage of remanufactured products are significant (weak), the retailer (manufacturer) warranty mode is the consistent decision made by stakeholders in the CLSC. The retailer warranty model can reduce the negative impact of retailer"s fairness concerns on the economic and environmental benefits of the CLSC.