Closed-loop supply chain network equilibrium model and its Newton method

• Published in: Kybernetes Vol. 45; no. 3; pp. 393 - 410
• Main Authors: Xu, Hongru, Cao, Erbao
• Format: Journal Article
• Language: English
• Published: London Emerald Group Publishing Limited 07.03.2016
• Subjects: Algorithms; Costs; Design; Economic models; Equilibrium; Equilibrium conditions; Game theory; Inequalities; Inequality; Information & knowledge management; Information systems; Legislation; Linear programming; Logistics; Manufacturers; Markets; Mathematical models; Networks; Newton methods; Parameters; Profit margins; Remanufacturing; Retail stores; Studies; Supply chains; Waste disposal; Algorithms; Management; Networking; Decision making

Purpose – The purpose of this paper is to develop a closed-loop supply chain (CLSC) network equilibrium model which consists of manufactures, retailers and consumer markets engaged in a Cournot pricing game with heterogeneous multi-product. Design/methodology/approach – The authors model the optimal...