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    The Coordination and Optimization of Closed-Loop Supply Chain with Lots of Factors

    Access Status
    Fulltext not available
    Authors
    Shi, C.
    Zhou, Guanglu
    Bian, D.
    Wu, M.
    Date
    2016
    Type
    Journal Article
    
    Metadata
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    Citation
    Shi, C. and Zhou, G. and Bian, D. and Wu, M. 2016. The Coordination and Optimization of Closed-Loop Supply Chain with Lots of Factors. Journal of Systems Science and Information. 4: pp. 307-320.
    Source Title
    Journal of Systems Science and Information
    DOI
    10.21078/JSSI-2016-307-14
    School
    Department of Mathematics and Statistics
    URI
    http://hdl.handle.net/20.500.11937/20113
    Collection
    • Curtin Research Publications
    Abstract

    Consider a closed-loop supply chain including a manufacturer, a retailer and two third party recyclers as the background. A coordination and optimization model is built by using the downside-risk function, Cournot model and government subsidy excitation function. The effect of risk characteristics, government subsidy and Cournot competition on supply chain is analyzed, and the impact of revenueand-expense sharing contract is studied in the channel, which shows that the contract cannot coordinate and optimize the closed-loop supply chain. Also, risk sharing contract and expense sharing contract are designed, which can offer the desired downside protection to the retailer, provide more profits to the agents, and accomplish channel coordination and optimization. Moreover, an application example is given for testing the effectiveness and feasibility of the contract, and the bound and rule of the contract parameters are given. Finally, by the analysis of numerical simulation and sensitivity of the model based on the contract, the validity and practicability of the model are verified, and the relationship between government subsidy, risk characteristics, competitive characteristics with the supply chain is obtained. This study provides decision support and decision-making reference for the development of remanufacturing industry.

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