Research on the Complexity of Game Model about Recovery Pricing in Reverse Supply Chain considering Fairness Concerns

A reverse recycling supply chain consisting of two recyclers is established in this paper, which takes into account the fact that the recyclers will consider the issue of fair concern in pricing. The paper discusses the local stability of the Nash equilibrium point in this price game model showing t...

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Main Authors: Ting Li, Dongyun Yan, Shuxia Sui
Format: Article
Language:English
Published: Wiley 2020-01-01
Series:Complexity
Online Access:http://dx.doi.org/10.1155/2020/9621782
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author Ting Li
Dongyun Yan
Shuxia Sui
author_facet Ting Li
Dongyun Yan
Shuxia Sui
author_sort Ting Li
collection DOAJ
description A reverse recycling supply chain consisting of two recyclers is established in this paper, which takes into account the fact that the recyclers will consider the issue of fair concern in pricing. The paper discusses the local stability of the Nash equilibrium point in this price game model showing that the fair concern factors will reduce the stable area of the system. The paper also discusses the impacts of the sensitivity of the recovery price and the price cross coefficient on the stable area of the system. Through the method of system simulation and use of some indicators, such as the singular attractor, bifurcation diagram, attraction domain, power spectrum, and maximum Lyapunov exponent, the characteristics of the system at different times will be illustrated.
format Article
id doaj-art-643e9e05f9b0438ab0431e78357e3ed0
institution Kabale University
issn 1076-2787
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language English
publishDate 2020-01-01
publisher Wiley
record_format Article
series Complexity
spelling doaj-art-643e9e05f9b0438ab0431e78357e3ed02025-02-03T06:47:25ZengWileyComplexity1076-27871099-05262020-01-01202010.1155/2020/96217829621782Research on the Complexity of Game Model about Recovery Pricing in Reverse Supply Chain considering Fairness ConcernsTing Li0Dongyun Yan1Shuxia Sui2School of Economics and Management, Dezhou University, Dezhou 253023, ChinaSchool of Economics and Management, Dezhou University, Dezhou 253023, ChinaSchool of Economics and Management, Dezhou University, Dezhou 253023, ChinaA reverse recycling supply chain consisting of two recyclers is established in this paper, which takes into account the fact that the recyclers will consider the issue of fair concern in pricing. The paper discusses the local stability of the Nash equilibrium point in this price game model showing that the fair concern factors will reduce the stable area of the system. The paper also discusses the impacts of the sensitivity of the recovery price and the price cross coefficient on the stable area of the system. Through the method of system simulation and use of some indicators, such as the singular attractor, bifurcation diagram, attraction domain, power spectrum, and maximum Lyapunov exponent, the characteristics of the system at different times will be illustrated.http://dx.doi.org/10.1155/2020/9621782
spellingShingle Ting Li
Dongyun Yan
Shuxia Sui
Research on the Complexity of Game Model about Recovery Pricing in Reverse Supply Chain considering Fairness Concerns
Complexity
title Research on the Complexity of Game Model about Recovery Pricing in Reverse Supply Chain considering Fairness Concerns
title_full Research on the Complexity of Game Model about Recovery Pricing in Reverse Supply Chain considering Fairness Concerns
title_fullStr Research on the Complexity of Game Model about Recovery Pricing in Reverse Supply Chain considering Fairness Concerns
title_full_unstemmed Research on the Complexity of Game Model about Recovery Pricing in Reverse Supply Chain considering Fairness Concerns
title_short Research on the Complexity of Game Model about Recovery Pricing in Reverse Supply Chain considering Fairness Concerns
title_sort research on the complexity of game model about recovery pricing in reverse supply chain considering fairness concerns
url http://dx.doi.org/10.1155/2020/9621782
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AT dongyunyan researchonthecomplexityofgamemodelaboutrecoverypricinginreversesupplychainconsideringfairnessconcerns
AT shuxiasui researchonthecomplexityofgamemodelaboutrecoverypricinginreversesupplychainconsideringfairnessconcerns