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2013 (Vol. 5, Issue: 12)
Article Information:

Study on the Complexity of Closed-loop Supply Chain Based on Price Difference between New and Remanufactured Products

Bin Chen and Junhai Ma
Corresponding Author:  Bin Chen 

Key words:  Complexity, closed-loop supply chain, price difference, remanufactured products, , ,
Vol. 5 , (12): 1566-1572
Submitted Accepted Published
July 9, 2013 August 03, 2013 December 05, 2013
Abstract:

This study studied a more realistic closed-loop supply chain model, which is based on price difference between new and remanufactured products and it contains manufacturers, two recyclers and customers. In this model, assumed that new and remanufactured products have price difference, first we build a decision-making dynamic system model of the manufacturers, two recyclers and customers and then analyze the possibility of the existence of the system equilibrium points and their stability. Through numerical simulation, we use bifurcation diagram, Maximum Lyapunov index variation diagram and chaos attractor to estimate the complexity and chaos of the system comprehensively, observe the profit trends of the manufacturers and recyclers when system change from stability to chaos and analyze the system initial value sensitivity. The conclusion of the numerical simulation has a lot of guidance and reference value to the decision-makers in a closed-loop supply chain.
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  Cite this Reference:
Bin Chen and Junhai Ma, 2013. Study on the Complexity of Closed-loop Supply Chain Based on Price Difference between New and Remanufactured Products.  Advance Journal of Food Science and Technology, 5(12): 1566-1572.
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ISSN (Online):  2042-4876
ISSN (Print):   2042-4868
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