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Closed-Loop Supply Chain Network under Oligopolistic Competition with Multiproducts, Uncertain Demands, and Returns
Joint Authors
Zhou, Yan
Wong, Kar Hung
Lee, Y. C. E.
Chan, Chi Kin
Source
Mathematical Problems in Engineering
Issue
Vol. 2014, Issue 2014 (31 Dec. 2014), pp.1-15, 15 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2014-05-27
Country of Publication
Egypt
No. of Pages
15
Main Subjects
Abstract EN
We develop an equilibrium model of a closed-loop supply chain (CLSC) network with multiproducts, uncertain demands, and returns.
This model belongs to the context of oligopolistic firms that compete noncooperatively in a Cournot-Nash framework under a stochastic environment.
To satisfy the demands, we use two different channels: manufacturing new products and remanufacturing returned products through recycling used components.
Since both the demands and product returns are uncertain, we consider two types of risks: overstocking and understocking of multiproducts in the forward supply chain.
Then we set up the Cournot-Nash equilibrium conditions of the CLSC network whereby we maximize every oligopolistic firm's expected profit by deciding the production quantities of each new product as well as the path flows of each product on the forward supply chain.
Furthermore, we formulate the Cournot-Nash equilibrium conditions of the CLSC network as a variational inequality and prove the existence and the monotonicity of the variational inequality.
Finally, numerical examples are presented to illustrate the efficiency of our model.
American Psychological Association (APA)
Zhou, Yan& Chan, Chi Kin& Wong, Kar Hung& Lee, Y. C. E.. 2014. Closed-Loop Supply Chain Network under Oligopolistic Competition with Multiproducts, Uncertain Demands, and Returns. Mathematical Problems in Engineering،Vol. 2014, no. 2014, pp.1-15.
https://search.emarefa.net/detail/BIM-507550
Modern Language Association (MLA)
Zhou, Yan…[et al.]. Closed-Loop Supply Chain Network under Oligopolistic Competition with Multiproducts, Uncertain Demands, and Returns. Mathematical Problems in Engineering No. 2014 (2014), pp.1-15.
https://search.emarefa.net/detail/BIM-507550
American Medical Association (AMA)
Zhou, Yan& Chan, Chi Kin& Wong, Kar Hung& Lee, Y. C. E.. Closed-Loop Supply Chain Network under Oligopolistic Competition with Multiproducts, Uncertain Demands, and Returns. Mathematical Problems in Engineering. 2014. Vol. 2014, no. 2014, pp.1-15.
https://search.emarefa.net/detail/BIM-507550
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-507550