[1] Zhang Fuan, Da Qingli,. Decision model for closed loop supply chainwith uncertain demand and price-dependent returns [J]. Journal of Southeast University (English Edition), 2010, 26 (4): 638-641. [doi:10.3969/j.issn.1003-7985.2010.04.028]

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Decision model for closed loop supply chainwith uncertain demand and price-dependent returns()

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Journal of Southeast University (English Edition)[ISSN:1003-7985/CN:32-1325/N]

Volumn:

26

Issue:

2010 4

Page:

638-641

Research Field:

Economy and Management

Publishing date:

2010-12-30

Info

Title:

Decision model for closed loop supply chainwith uncertain demand and price-dependent returns

Author(s):

Zhang Fuan¹;  2;  Da Qingli¹

¹School of Economics and Management, Southeast University, Nanjing 211189, China
²School of Information Engineering, Yangzhou University, Yangzhou 225009, China

Keywords:

closed-loop supply chain;  demand uncertainty;  production decision

PACS:

F252

DOI:

10.3969/j.issn.1003-7985.2010.04.028

Abstract:

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.

References:

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[9] Ferrer G. Yield information and supplier responsiveness in remanufacturing operations[J]. European Journal of Operational Research, 2003, 149(3):540-556.
[10] Bakal I, Akcali E. Effects of random yield in remanufacturing with price-sensitive supply and demand[J]. Production and Operations Management, 2006, 15(3):407-420.
[11] Kaya O. Incentive and production decisions for remanufacturing operations[J]. European Journal of Operational Research, 2010, 201(2):442-453.
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Memo

Memo:

Biographies: Zhang Fuan(1975—), male, graduate, lecturer, ahzfa@163.com; Da Qingli(1945—), male, professor, dqlseunj@126.com.
Foundation item: The National Natural Science Foundation of China(No.70772059).
Citation: Zhang Fuan, Da Qingli. Decision model for closed loop supply chain with uncertain demand and price-dependent returns[J].Journal of Southeast University(English Edition), 2010, 26(4):638-641.

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