Title :
Ordering and Pricing Decisions in a Closed-Loop Supply Chain with Fuzzy Demand
Author :
Song, Min ; Huang, Min ; Ching, Waiki
Author_Institution :
Coll. of Inf. Sci. & Eng., Northeastern Univ., Shenyang, China
Abstract :
This paper investigates ordering and pricing decisions in a closed-loop supply chain with fuzzy demand. In this paper, the market demand is characterized as a fuzzy variable and two settings, decentralized channel and centralized channel, are considered. Based on game theory and fuzzy theory, the optimal ordering decision and the optimal recovery prices are given for each setting. The factors that impact the optimal ordering decision and the optimal recovery prices are also found. Some characteristics of the optimal decisions are discussed from the view of management.
Keywords :
decision making; fuzzy set theory; game theory; pricing; supply chains; centralized channel; closed loop supply chain; decentralized channel; fuzzy demand; fuzzy theory; game theory; optimal recovery prices; ordering decisions; pricing decisions; Game theory; Manufacturing; Mathematical model; Optimization; Pricing; Supply chains; Uncertainty; closed-loop supply chain; fuzzy demand; ordering; pricing; supply chain management;
Conference_Titel :
Computational Sciences and Optimization (CSO), 2011 Fourth International Joint Conference on
Conference_Location :
Yunnan
Print_ISBN :
978-1-4244-9712-6
Electronic_ISBN :
978-0-7695-4335-2
DOI :
10.1109/CSO.2011.198
