Title :
Pricing and Coordination Analysis for A Closed-Loop Supply Chain Based on Game Theory
Author :
Chang Xiang-yun ; Zhang Jian-jun
Author_Institution :
Sch. of Bus., East China Univ. of Sci. & Technol., Shanghai
Abstract :
We consider a closed-loop supply chain in which a manufacturer sells to a retailer, the retailer sells the products to customers and recollects the used products from customers. Based on the model, the price decisions such as optimal wholesale price, optimal retail price and optimal recollected price between manufacturer and retailer are studied by game theory, a decentralized system and a centralized system are studied. A non-cooperative Stackelberg game equilibrium and a cooperative game equilibrium are obtained. Finally , we develop coordination mechanism, a revenue-sharing contract, to coordinate the decentralized decision closed-loop supply chain.
Keywords :
closed loop systems; contracts; decision making; game theory; pricing; retailing; supply chain management; closed-loop supply chain; cooperative game equilibrium; decentralized system; game theory; noncooperative Stackelberg game equilibrium; optimal recollected price; optimal retail price; optimal wholesale price; price decisions; retailer; revenue-sharing contract; Contracts; Costs; Game theory; Logistics; Pricing; Pulp manufacturing; Supply chain management; Supply chains; Technology management; Virtual manufacturing;
Conference_Titel :
Wireless Communications, Networking and Mobile Computing, 2008. WiCOM '08. 4th International Conference on
Conference_Location :
Dalian
Print_ISBN :
978-1-4244-2107-7
Electronic_ISBN :
978-1-4244-2108-4
DOI :
10.1109/WiCom.2008.1519
