Assignment:
Requirements:
Answer these 10 questions
Each answer should take at least a third of the page "minimum 150 words" Use font size 12 questions:
Question 1: What is a closed-loop supply chain? How is it different than regular supply chains? Give examples of closed-loop supply chains in different industries (such as car, oil, garment, cell-phone).
Question 2: Give examples of "Lean Programs" in several industries. What are the benefits of being "Lean" for firms?
Questions 3: How "innovation-lean programs" are different than "strategic lean programs"? Explain.
Question 4: What is the relationship between this paper and the vertical relations models we have covered in class? Write similarities and differences. (vertical relations between different companies in the supply chain "either several companies cooperate and work together or one company seek do it all and acquire the rest")
Question 5: Describe the literature on closed-loop supply chain games. How is Genc and De Giovanni different than the literature. What is the contribution of this paper?
Question 6: Explain the methodology and solution procedure employed to characterize the impact of lean programs in the paper.
Question 7: Which program is more effective for the firms and for the consumers? An innovation-led lean program or a strategic lean program? Explain the price and profit effects of these programs.
Question 8: Does vertical integration pay off in this vertical relations model? Explain.
Question 9: What are the policy and managerial implications of the findings?
Question 10. What are the takeaway messages? What are the limitations?
Readings:
Closed-loop supply chain games with innovation-led lean programs and sustainability
By Talat S. Genc and Pietro De Giovanni