Table 1

Definition of parameters and variables

Discount factorDefinitions
D(p)The market demand
γInitial market scale
μThe price elasticity coefficient
wThe wholesale price manufacturer sells the product to platform
pMarket price platform sells the product to consumer
CmManufacturing cost of per unit with new material
CrRemanufacturing cost of per unit
Δ=CmCrSavings cost of per unit from remanufacturing
bm(t)Transfer price from the manufacturer to consumer
bmo(t)Transfer price from the manufacturer to online platform
bo(t)Transfer price from the online platform to consumer
kThe green consciousness of consumer
iThe cross-price sensitivity on collection quantity
hThe price sensitivity on collection quantity
Q(t)Collection quantity
g(t)Subsidy amount time t
g0Initial subsidy amount
C1(t)The collection cost of manufacturer (e.g. inspection, evaluation, logistics and disposal cost) (Matsuai, 2023)
C2(t)The collection cost of online platform (e.g. inspection, evaluation, logistics and disposal cost)
αThe influencing parameter of collection quantity
βThe decreasing coefficient of subsidy
r(r>0)Discount factor

Source(s): Authors’ own work

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