Title: The differential price coordination of the closed-loop supply chain under asymmetric information
Abstract: Based on game theory,the differential price coordination mechanism of the closed-loop supply chain composed of one manufacturer and one retailer was studied.The results showed,that coordination can be achieved under symmetric product cost information by setting a profit sharing coordination policy.Under asymmetric product cost information,if exogenous parameters satisfy some certain condition,only the above-mentioned coordination policy can achieve the supply chain coordination.Otherwise,the retailer can set profit sharing proportion as the function of the manufacturers announced cost.This strategy can make the closed-loop supply chain coordinative.
Publication Year: 2009
Publication Date: 2009-01-01
Language: en
Type: article
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