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| Complexity of Evolutionary Gameand Control in a Closed-Loop Supply Chain with Dual-Channel Recycling |
| YU Miao, MA Junhai
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| College of Management and Economics, Tianjin University, Tianjin 300072 |
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Abstract This paper builds models of one manufacturer and one retailer recycle the waste products at the same time, to analyze market operation system when different prices settings between new products and remanufactured products. Using game theory, chaotic dynamics theory and complexity dynamics theory, we perform the theory verification and reality simulation through numerical calculation.Results show that a fast speed of price adjustment of the manufacturer or the retailer will both lead the system into chaos via period-doubling bifurcations. Focusing on the harmful effects of chaotic system, adjustment parameter can be used to control the chaos efficiently. This research whose results have a strong reference value to practical problems, has a great value both of theory and application.
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Received: 10 May 2016
Published: 25 February 2025
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