WSEAS Transactions on Mathematics
Print ISSN: 1109-2769, E-ISSN: 2224-2880
Volume 13, 2014
The Dangers of Precipitous Adjustment Speed of Recovery Price to the Closed-loop Supply Chain and Improvement Measure
Authors: ,
Abstract: This paper analyzes the recycling price game in waste household appliance market in China. Based on the analysis of recycling behavior game of two retailers and a manufacturer in closed-loop supply chain, we propose that precipitous adjustment speed of recovery price will lead to the system go into a chaotic state. In this state, the recycling price of each recovery party will enter the chaotic state, and it will be significantly affected by the initial price, the profit of each corporate will be apparent fluctuations, and thus the chaotic state caused by the precipitous speed of price adjustment will make competition be invalid and vicious. In this regard, this paper introduces delay decision-making to control the chaotic state and gives the Economics of chaos control.
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Pages: 1-11
WSEAS Transactions on Mathematics, ISSN / E-ISSN: 1109-2769 / 2224-2880, Volume 13, 2014, Art. #1