Abstract
A closed-loop supply chain recovery model with single manufacturer, single retailer and two competitive third-party recyclers is established with the application of game theory. This paper focuses on analyzing the optimal pricing decisions and profits of all the enterprises members in the decentralized structure. Through the analysis of model, the result shows that the manufacturer’s transfer price and profits, returned products quantity, third-party recyclers’ collect price and profits and the whole profits increase greatly when there exist two third-party recyclers’ market competition. Finally, we cite a special numerical example to verify the results and provide some useful suggestions for manufacturer, retailer and third-party recyclers in order to improve their profits and performance.
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