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Dynamic Pricing Model for the Operation of Closed-Loop Supply Chain System

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Author(s): Jiawang Xu | Yunlong Zhu

Journal: Intelligent Control and Automation
ISSN 2153-0653

Volume: 02;
Issue: 04;
Start page: 418;
Date: 2011;
Original page

Keywords: Closed-Loop Supply Chain | Manufacturing/Remanufacturing | Pricing | Dynamic Programming

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.
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