Research on closed loop supply chain with reference price effect
Jie Xu and
Nan Liu ()
Additional contact information
Jie Xu: Zhejiang University
Nan Liu: Zhejiang University
Journal of Intelligent Manufacturing, 2017, vol. 28, issue 1, No 5, 64 pages
Abstract This paper considers a closed loop supply chain with the manufacturer as the Stackelberg leader. The manufacturer faces three different reverse channels, i.e., (1) manufacturer-managed, (2) retailer-managed, or (3) third party-managed channels. The reference price affects the purchase decision of consumers. Based on game theory, we discuss the reference price effect on the performances across three decentralized reverse channels, and examine the impact of reference price parameter (i.e., reference price coefficient in this paper) on optimal strategies. We conclude that higher reference price coefficient results in lower manufacturer and retailer profits. However, the profit of the third party increases in the reference price coefficient. In addition, some meaningful insights can be derived by comparison without the reference price effect in our models. We found that the scenario without reference price effect is generally superior to that with reference price effect.
Keywords: Reverse channel; Remanufacturing; Reference price effect; Game theory; CLSC (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
http://link.springer.com/10.1007/s10845-014-0961-0 Abstract (text/html)
Access to the full text of the articles in this series is restricted.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:spr:joinma:v:28:y:2017:i:1:d:10.1007_s10845-014-0961-0
Ordering information: This journal article can be ordered from
Access Statistics for this article
Journal of Intelligent Manufacturing is currently edited by Andrew Kusiak
More articles in Journal of Intelligent Manufacturing from Springer
Bibliographic data for series maintained by Sonal Shukla ().