Abstract
This paper considers a pricing and remanufacturing problem in closed-loop supply chain which includes one dominant manufacturer and one retailer under uncertain environment. The remanufacturing cost, market demand, and collection cost are characterized as uncertain variables. The firms’ optimal strategies are obtained by uncertainty-theory-based and game-theory-based models. Besides, the impacts of the risk sensitivity on the performances of the closed-loop supply chain members are given by the comparison of different degrees of the retailer’s risk aversion and numerical studies. It is found that only the manufacturer makes more profits when the retailer is more risk sensitive but this condition in the closed-loop supply chain still leads to better performance of the total system.
Highlights
With the worldwide promotion of low-carbon economy and sustainable development, closed-loop supply chain management has played an increasingly important role in both the environment and economic activities throughout this decade [1,2,3,4,5,6]
Increasing researches about reverse supply chain management have been conducted in this decade [7,8,9,10,11]
In this paper, we considered an uncertain pricing decision problem in closed-loop supply chain with risk-averse retailer
Summary
With the worldwide promotion of low-carbon economy and sustainable development, closed-loop supply chain management has played an increasingly important role in both the environment and economic activities throughout this decade [1,2,3,4,5,6]. Increasing researches about reverse supply chain management have been conducted in this decade [7,8,9,10,11]. Wei and Zhao [8] addressed the decisions of reverse channel with three different used products collection channels from customers and investigated how the implications of these models affect the decisions of the manufacturer, the retailer, and the third party. Govindan [10] reviewed recently published papers in reverse logistic and closed-loop supply chain in scientific journals and suggested future research opportunities according to these papers. Wei and Zhao [11] considered the pricing and remanufacturing decisions in a duopoly market with two competing supply chains, each of which includes one manufacturer and one retailer. Five game decision models were established to explore the chain members’ optimal strategies on price and/or remanufacturing and examined the influences of some key parameters and chain members’ maximum profits through numerical studies
Sign-in/Register to view highlights & summary Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
