Research on third-party collecting game model with competition in closed-loop supply chain based on complex systems theory
type: Item
instance of: scholarly article
title: Research on third-party collecting game model with competition in closed-loop supply chain based on complex systems theory
zbMATH Open document ID: 1406.91025
DOI: 10.1155/2014/750179
author: Junhai Ma
author: Yuehong Guo
published in: Abstract and Applied Analysis
publication date: 2019-02-14T00:00:00Z
review text: Summary: This paper studied system dynamics characteristics of closed-loop supply chain using repeated game theory and complex system theory. It established decentralized decision-making game model and centralized decision-making game model and then established and analyzed the corresponding continuity system. Drew the region local stability of Nash equilibrium and Stackelberg equilibrium, and a series of chaotic system characteristics, have an detail analysis of the Lyapunov index which is under the condition of different parameter combination. According to the limited rational expectations theory, it established repeated game model based on collection price and marginal profits. Further, this paper analyzed the influence of the parameters by numerical simulations and concluded three conclusions. First, when the collection price is to a critical value, the system will be into chaos state. Second, when the sale price of remanufacturing products is more than a critical value, the system will be in chaos state. Last, the initial value of the collection price is sensitive, small changes may cause fluctuations of market price. These conclusions guide enterprises in making the best decisions in each phase to achieve maximize profits.
Mathematics Subject Classification ID: 91A20
Mathematics Subject Classification ID: 91B24
Mathematics Subject Classification ID: 90B05
Mathematics Subject Classification ID: 91B06
zbMATH DE Number: 7023015
zbMATH Keywords: repeated games
zbMATH Keywords: closed-loop supply chain
zbMATH Keywords: decision-making games
zbMATH Keywords: pricing game model
Wikidata QID: Q59041221
MaRDI profile type: Publication
full work available at URL: https://doi.org/10.1155/2014/750179
OpenAlex ID: W1984601871
cites work: Quantitative models for reverse logistics: A review
cites work: Complex dynamics analysis for a Cournot-Bertrand mixed game model with delayed bounded rationality
cites work: Complexity analysis of a Cournot-Bertrand duopoly game model with limited information
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description: scientific article; zbMATH DE number 7023015