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Dynamic Pricing Model for the Operation of Closed-Loop Supply Chain System
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Intelligent Control and Automation·Volume 02 (2011)·Pages 418–423·Published 31 October 2011·DOI10.4236/ica.2011.24048
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Abstract
A class of closed-loop supply chain system consisting of one manufacturer and one supplier is designed, in which re-distribution, remanufacturing and reuse are considered synthetically. The manufacturer is in charge of recollecting and re-disposal the used products. Demands of ultimate products and collecting quantity of used products are described as the function of prices and reference prices. A non-linear dynamic pricing model for this closed-loop supply chain is established. A numerical example is designed, and the results of this example verified the model’s validity to price for the operation of closed-loop supply chain system.
KeywordsClosed-Loop Supply ChainManufacturing/RemanufacturingPricingDynamic Programming
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