Research on game model and complexity of retailer collecting and selling in closed-loop supply chain |
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Authors: | Yuehong Guo Junhai Ma |
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Institution: | 1. College of Management Economic, Tianjin University, Tianjin 300072, China;2. School of Economics and Management, Tianjin University of Technology and Education, Tianjin 300222, China |
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Abstract: | A closed-loop supply chain is a complex system in which node enterprises play important roles and exert great influence. Firstly, this paper established a collecting price game model for a close-loop supply chain system with a manufacturer and a retailer who have different rationalities. It assumed that the node enterprises took the marginal utility maximization as the basis of decision-making. Secondly, through numerical simulation, we analyzed complex dynamic phenomena such as the bifurcation, chaos and continuous power spectrum and so on. Thirdly, we analyzed the influences of the system parameters; this further explained the complex nonlinear dynamics behavior from the perspective of economics. The results have significant theoretical and practical application value. |
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Keywords: | Repeated games Closed-loop supply chain Complexity Chaos |
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