A single product closed-loop supply chain that satisfies an uncertain market demand with original and remanufactured products is considered.The yield of the recovery process is random and depends on the acquisition pr...A single product closed-loop supply chain that satisfies an uncertain market demand with original and remanufactured products is considered.The yield of the recovery process is random and depends on the acquisition price offered for the end-of-life products.In such a stochastic setting,a firm needs to make production and procurement decisions so that the total expected profit is maximized.Both centralized and decentralized models are established depending on the party collecting the returns.The optimal acquisition price and production quantities of original and remanufactured products are determined for the firm.The contracts to coordinate the decentralized systems are chosen and the optimal contract parameters are determined.A computational experiment is given to show the effects of recovery parameters on the system performance.Results show that the recovery parameters have a high impact on the profitability of the manufacturer in the centralized model and on that of the collection agency in the decentralized model.展开更多
基金The National Natural Science Foundation of China(No.70772059)
文摘A single product closed-loop supply chain that satisfies an uncertain market demand with original and remanufactured products is considered.The yield of the recovery process is random and depends on the acquisition price offered for the end-of-life products.In such a stochastic setting,a firm needs to make production and procurement decisions so that the total expected profit is maximized.Both centralized and decentralized models are established depending on the party collecting the returns.The optimal acquisition price and production quantities of original and remanufactured products are determined for the firm.The contracts to coordinate the decentralized systems are chosen and the optimal contract parameters are determined.A computational experiment is given to show the effects of recovery parameters on the system performance.Results show that the recovery parameters have a high impact on the profitability of the manufacturer in the centralized model and on that of the collection agency in the decentralized model.
