Investigation of complex dynamics and chaos control of the duopoly supply chain under the mixed carbon policy

Liuwei Zhao, Shuai Jin and Hongyun Jiang

Chaos, Solitons & Fractals, 2022, vol. 164, issue C

Abstract: Against the background of the mixed carbon policy (carbon tax‑carbon trading) implemented in China, the authors analyze the complexity of a series of competition decisions between supply chains through constructing Cournot(Duopoly)game model between supply chains. The dynamics of the proposed game model and the time evolution of the supply chains are described by a nonlinear discrete dynamical system. The equilibrium point of the discrete dynamical system is obtained and its local stability is discussed. The stability of the equilibrium point is further discussed by numerical simulation, which is affected by the speed of adjusting parameters and some other cost parameters. Finally, we apply the delayed feedback control method to suppress and overcome the chaos of the discrete dynamical system. It can effectively promote the discrete dynamical system to return to the stable behavior. It is hoped that the current research can provide a theoretical basis for the competitive decision-making of supply chain node enterprises.

Keywords: Bounded rationality; Stackelberg game; Stability; Bifurcation; Chaos; Control (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0960077922006993
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:chsofr:v:164:y:2022:i:c:s0960077922006993

DOI: 10.1016/j.chaos.2022.112492

Access Statistics for this article

Chaos, Solitons & Fractals is currently edited by Stefano Boccaletti and Stelios Bekiros

More articles in Chaos, Solitons & Fractals from Elsevier
Bibliographic data for series maintained by Thayer, Thomas R. ().