Risk control simulation of the closed-loop supply chain of waste electrical and electronic equipment based on system dynamics

Recycling and remanufacturing waste electrical and electronic equipment (WEEE) can promote the comprehensive utilization of resources and promote the development of the circular economy. However, there are associated risks involved. This study explored the effectiveness of risk control in the WEEE c...

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Main Authors: Rong Zheng, Zuqing Huang, Zhen Wu
Format: Article
Language:English
Published: Frontiers Media S.A. 2022-08-01
Series:Frontiers in Energy Research
Subjects:
Online Access:https://www.frontiersin.org/articles/10.3389/fenrg.2022.963211/full
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author Rong Zheng
Zuqing Huang
Zhen Wu
author_facet Rong Zheng
Zuqing Huang
Zhen Wu
author_sort Rong Zheng
collection DOAJ
description Recycling and remanufacturing waste electrical and electronic equipment (WEEE) can promote the comprehensive utilization of resources and promote the development of the circular economy. However, there are associated risks involved. This study explored the effectiveness of risk control in the WEEE closed-loop supply chain to provide decision support in the sustainable development of WEEE. The catastrophe progression method was used for risk evaluation, and the WEEE risk control model was constructed using system dynamics to analyze the influence of risk control strategies. The results show that adopting risk control strategies positively promotes risk control. Risk mitigation is most pronounced when both the fund subsidy and the green and low-carbon strategies are adopted. When only one approach is implemented, the green and low-carbon strategy has a more considerable effect. When the intensities of the mitigation measures are improved to the same extent, the risk control effect generated by the fund subsidy strategy was found to have a greater impact. The findings provide a useful reference for formulating subsequent risk control strategies in the WEEE closed-loop supply chain.
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spelling doaj.art-4fa4d9a3192540c3979b365fbd4bd5c32022-12-22T04:28:01ZengFrontiers Media S.A.Frontiers in Energy Research2296-598X2022-08-011010.3389/fenrg.2022.963211963211Risk control simulation of the closed-loop supply chain of waste electrical and electronic equipment based on system dynamicsRong ZhengZuqing HuangZhen WuRecycling and remanufacturing waste electrical and electronic equipment (WEEE) can promote the comprehensive utilization of resources and promote the development of the circular economy. However, there are associated risks involved. This study explored the effectiveness of risk control in the WEEE closed-loop supply chain to provide decision support in the sustainable development of WEEE. The catastrophe progression method was used for risk evaluation, and the WEEE risk control model was constructed using system dynamics to analyze the influence of risk control strategies. The results show that adopting risk control strategies positively promotes risk control. Risk mitigation is most pronounced when both the fund subsidy and the green and low-carbon strategies are adopted. When only one approach is implemented, the green and low-carbon strategy has a more considerable effect. When the intensities of the mitigation measures are improved to the same extent, the risk control effect generated by the fund subsidy strategy was found to have a greater impact. The findings provide a useful reference for formulating subsequent risk control strategies in the WEEE closed-loop supply chain.https://www.frontiersin.org/articles/10.3389/fenrg.2022.963211/fullwaste electrical and electronic equipmentclosed-loop supply chainsystem dynamicsrisk controlcatastrophe progression method
spellingShingle Rong Zheng
Zuqing Huang
Zhen Wu
Risk control simulation of the closed-loop supply chain of waste electrical and electronic equipment based on system dynamics
Frontiers in Energy Research
waste electrical and electronic equipment
closed-loop supply chain
system dynamics
risk control
catastrophe progression method
title Risk control simulation of the closed-loop supply chain of waste electrical and electronic equipment based on system dynamics
title_full Risk control simulation of the closed-loop supply chain of waste electrical and electronic equipment based on system dynamics
title_fullStr Risk control simulation of the closed-loop supply chain of waste electrical and electronic equipment based on system dynamics
title_full_unstemmed Risk control simulation of the closed-loop supply chain of waste electrical and electronic equipment based on system dynamics
title_short Risk control simulation of the closed-loop supply chain of waste electrical and electronic equipment based on system dynamics
title_sort risk control simulation of the closed loop supply chain of waste electrical and electronic equipment based on system dynamics
topic waste electrical and electronic equipment
closed-loop supply chain
system dynamics
risk control
catastrophe progression method
url https://www.frontiersin.org/articles/10.3389/fenrg.2022.963211/full
work_keys_str_mv AT rongzheng riskcontrolsimulationoftheclosedloopsupplychainofwasteelectricalandelectronicequipmentbasedonsystemdynamics
AT zuqinghuang riskcontrolsimulationoftheclosedloopsupplychainofwasteelectricalandelectronicequipmentbasedonsystemdynamics
AT zhenwu riskcontrolsimulationoftheclosedloopsupplychainofwasteelectricalandelectronicequipmentbasedonsystemdynamics