The Closed-loop Supply Chain Network with Competition, Distribution Channel Investment, and Uncertainties

Document Type

Article

Department or Administrative Unit

Finance and Supply Chain Management

Publication Date

4-2013

Abstract

In this paper, a closed-loop supply chain network is investigated with decentralized decision-makers consisting of raw material suppliers, retail outlets, and the manufacturers that collect the recycled product directly from the demand market. We derive the optimality conditions of the various decision-makers, and establish that the governing equilibrium conditions can be formulated as a finite-dimensional variational inequality problem. We establish convergence of the proposed algorithm that can allow for the discussion of the effects of competition, distribution channel investment, yield and conversion rates, combined with uncertainties in demand, on equilibrium quantity transactions and prices. Numerical examples are provided for illustration.

Comments

This article was originally published in Omega. The full-text article from the publisher can be found here.

Due to copyright restrictions, this article is not available for free download through ScholarWorks @ CWU.

Journal

Omega

Link to Full Text
Contact Author

Share

COinS