TITLE:
Dynamic Pricing Model for the Operation of Closed-Loop Supply Chain System
AUTHORS:
Jiawang Xu, Yunlong Zhu
KEYWORDS:
Closed-Loop Supply Chain, Manufacturing/Remanufacturing, Pricing, Dynamic Programming
JOURNAL NAME:
Intelligent Control and Automation,
Vol.2 No.4,
November
3,
2011
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.