Research on Third-Party Collecting Game Model with Competition in Closed-Loop Supply Chain Based on Complex Systems Theory
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 syste...
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| Format: | Article |
| Language: | English |
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Wiley
2014-01-01
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| Series: | Abstract and Applied Analysis |
| Online Access: | http://dx.doi.org/10.1155/2014/750179 |
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| _version_ | 1832547471699476480 |
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| author | Junhai Ma Yuehong Guo |
| author_facet | Junhai Ma Yuehong Guo |
| author_sort | Junhai Ma |
| collection | DOAJ |
| description | 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. |
| format | Article |
| id | doaj-art-ed2969953c9741c4982e6a2690bcbb13 |
| institution | Kabale University |
| issn | 1085-3375 1687-0409 |
| language | English |
| publishDate | 2014-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Abstract and Applied Analysis |
| spelling | doaj-art-ed2969953c9741c4982e6a2690bcbb132025-02-03T06:44:45ZengWileyAbstract and Applied Analysis1085-33751687-04092014-01-01201410.1155/2014/750179750179Research on Third-Party Collecting Game Model with Competition in Closed-Loop Supply Chain Based on Complex Systems TheoryJunhai Ma0Yuehong Guo1College of Management and Economics, Tianjin University, Tianjin 300072, ChinaCollege of Management and Economics, Tianjin University, Tianjin 300072, ChinaThis 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.http://dx.doi.org/10.1155/2014/750179 |
| spellingShingle | Junhai Ma Yuehong Guo Research on Third-Party Collecting Game Model with Competition in Closed-Loop Supply Chain Based on Complex Systems Theory Abstract and Applied Analysis |
| title | Research on Third-Party Collecting Game Model with Competition in Closed-Loop Supply Chain Based on Complex Systems Theory |
| title_full | Research on Third-Party Collecting Game Model with Competition in Closed-Loop Supply Chain Based on Complex Systems Theory |
| title_fullStr | Research on Third-Party Collecting Game Model with Competition in Closed-Loop Supply Chain Based on Complex Systems Theory |
| title_full_unstemmed | Research on Third-Party Collecting Game Model with Competition in Closed-Loop Supply Chain Based on Complex Systems Theory |
| title_short | Research on Third-Party Collecting Game Model with Competition in Closed-Loop Supply Chain Based on Complex Systems Theory |
| title_sort | research on third party collecting game model with competition in closed loop supply chain based on complex systems theory |
| url | http://dx.doi.org/10.1155/2014/750179 |
| work_keys_str_mv | AT junhaima researchonthirdpartycollectinggamemodelwithcompetitioninclosedloopsupplychainbasedoncomplexsystemstheory AT yuehongguo researchonthirdpartycollectinggamemodelwithcompetitioninclosedloopsupplychainbasedoncomplexsystemstheory |