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Complex Analysis and Chaos Control of a Closed-Loop Supply Chain Based on New and Old Products Price Difference

  • CHEN Bin ,
  • MA Junhai
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  • Department of management and economy, Tianjin University, Tianjin 300072, China

Received date: 2013-07-01

  Online published: 2026-06-22

Abstract

The model assumes that new and remanufactured products have different market prices, based on this we established the dynamic decision model between the manufacturer and the recyclers; using numerical simulation, bifurcation diagram, maximum Lyapunov index dynamic variation diagram and attractor to study the complexity character of the system; analyzing the initial value sensitivity of the system; and at last we controlled the chaos of the system successfully. The conclusions that chaos reduces profit remarkably and chaos can be controlled have useful guiding significance.

Cite this article

CHEN Bin , MA Junhai . Complex Analysis and Chaos Control of a Closed-Loop Supply Chain Based on New and Old Products Price Difference[J]. Complex Systems and Complexity Science, 2014 , 11(3) : 40 -49 . DOI: 10.13306/j.1672-3813.2014.03.007

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