Journal of Northeastern University Natural Science ›› 2020, Vol. 41 ›› Issue (6): 902-908.DOI: 10.12068/j.issn.1005-3026.2020.06.024

• Management Science • Previous Articles     Next Articles

Pricing and Recycling Decision of Closed-Loop Supply Chains Considering Risks and Capital Constraints

LIU Chun-yi1, YOU Tian-hui1, CAO Bing-bing2   

  1. 1.School of Business Administration, Northeastern University, Shenyang 110169, China; 2.School of Management, Guangzhou University, Guangzhou 510006, China.
  • Received:2019-08-11 Revised:2019-08-11 Online:2020-06-15 Published:2020-06-12
  • Contact: YOU Tian-hui
  • About author:-
  • Supported by:
    -

Abstract: Based on a closed-loop supply chain with recycler capital constraints, the pricing and recycling decision of closed-loop supply chains is studied considering participators’ risk attitudes faced with stochastic demands. The risk attitudes of participators are described based on mean-variance. The optimal wholesale price, retail price and recycling rate in centralized and decentralized decisions are determined respectively. Then the impacts of risk attitudes of participators, loan interest rates and demand uncertainty on the optimal strategies and the utility of members and closed-loop supply chains are analyzed. The results show that the recyclers of risk neutrality is beneficial to all participators, while the retailers and manufacturers of risk neutrality are only beneficial to themselves. The increase of loan interest rates will reduce the utility of participators, while lower demand uncertainty is beneficial to the retailers, recyclers and closed-loop supply chains in decentralized decisions.

Key words: closed-loop supply chain, recycler capital constraints, risk attitudes, pricing and recycling decision, Stackelberg game

CLC Number: