Resale value guaranteed strategy, information sharing and electric vehicles adoption
A resale value guaranteed (RVG) strategy has emerged as a novel way to alleviate EV purchasers’ resale anxiety. However, certain questions, such as when to initiate a RVG strategy and whether to share information with supply chain partners, are unanswered. In this study, we aim to investigate the im...
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Published in | Annals of operations research Vol. 329; no. 1-2; pp. 603 - 617 |
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Main Authors | , |
Format | Journal Article |
Language | English |
Published |
New York
Springer US
01.10.2023
Springer Springer Nature B.V |
Subjects | |
Online Access | Get full text |
ISSN | 0254-5330 1572-9338 |
DOI | 10.1007/s10479-020-03901-4 |
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Summary: | A resale value guaranteed (RVG) strategy has emerged as a novel way to alleviate EV purchasers’ resale anxiety. However, certain questions, such as when to initiate a RVG strategy and whether to share information with supply chain partners, are unanswered. In this study, we aim to investigate the impacts of a RVG strategy and reliability of a RVG decision on EV adoption and supply chain performance. We develop analytical models to analyze the optimal RVG strategy in asymmetric versus symmetric information situations, using the traditional business model as a benchmark. The results indicate that a RVG strategy can be an effective way to increase supply chain profits for products that are subject to a degree of resale anxiety, trade-in cost, and the reliability of the manufacturer’s commitments. Incentives provided by one party to the other can be utilized to encourage information sharing. However, information sharing does not necessarily lead to higher sales volume. |
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Bibliography: | ObjectType-Article-1 SourceType-Scholarly Journals-1 ObjectType-Feature-2 content type line 14 |
ISSN: | 0254-5330 1572-9338 |
DOI: | 10.1007/s10479-020-03901-4 |