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

fYear

2011

fDate

15-19 April 2011

Firstpage

1206

Lastpage

1210

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;

fLanguage

English

Publisher

ieee

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

Type

conf

DOI

10.1109/CSO.2011.198

Filename

5957870