Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2017.07.043 |
Optimal electric vehicle production strategy under subsidy and battery recycling | |
Gu, Huaying1; Liu, Zhixue1; Qing, Qiankai2,3 | |
2017-10-01 | |
发表期刊 | ENERGY POLICY
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ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2017 |
卷号 | 109 |
文章类型 | Article |
语种 | 英语 |
国家 | Peoples R China |
英文摘要 | Government subsidy and battery recycling are two common practical issues in the electric vehicle (EV) market. This study investigates a loss-averse EV manufacturer's optimal production strategy under uncertain market demand in the presence of both government subsidy and battery recycling. An analytical model is built and related optimal solution and numerical experiments are provided. Results indicate that increased subsidy promotes the manufacturer's optimal production quantity and expected utility. Increased battery recycling rate promotes the manufacturer's optimal production quantity. However, the manufacturer's expected utility decreases with the battery recycling rate if the optimal production quantity is sufficiently small. This result implies that the manufacturer may prefer a relatively small battery recycling rate when the market scale is small. Consequently, the government should establish regulations to promote battery recycling for environmental protection. We find that either subsidy or battery recycling can offset the negative effects of loss aversion on the optimal production quantity and expected utility. The majority of our results still hold if we consider multiple repurposing options for used batteries or an alternative subsidy mechanism. In particular, the manufacturer's optimal production quantity and expected utility are higher under cost subsidy mechanism than under consumer subsidy mechanism. |
英文关键词 | Electric vehicle Production strategy Subsidy Battery recycling Loss aversion |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000412034400056 |
WOS关键词 | SUPPLY CHAIN ANALYSIS ; END-OF-LIFE ; DEMAND UNCERTAINTY ; NEWSVENDOR PROBLEM ; ENERGY-STORAGE ; HYBRID ; DECISION ; MODELS ; IMPACT ; CHINA |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/17817 |
专题 | 气候变化 |
作者单位 | 1.Huazhong Univ Sci & Technol, Sch Management, Wuhan 430074, Peoples R China; 2.Huazhong Univ Sci & Technol, Sch Automat, Wuhan 430074, Peoples R China; 3.Wuhan Univ Sci & Technol, Sch Automobile & Traff Engn, Wuhan 430081, Hubei, Peoples R China |
推荐引用方式 GB/T 7714 | Gu, Huaying,Liu, Zhixue,Qing, Qiankai. Optimal electric vehicle production strategy under subsidy and battery recycling[J]. ENERGY POLICY,2017,109. |
APA | Gu, Huaying,Liu, Zhixue,&Qing, Qiankai.(2017).Optimal electric vehicle production strategy under subsidy and battery recycling.ENERGY POLICY,109. |
MLA | Gu, Huaying,et al."Optimal electric vehicle production strategy under subsidy and battery recycling".ENERGY POLICY 109(2017). |
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