Supply Chain Real Time Coordination Method Based on Buyback Contract with Fuzzy Random Demand

Pessimistic, optimistic and risk neutral decision criteria were proposed for order decision when demand information was updated to a fuzzy random variable. To a supply chain coordinated by a buyback contract, a method to formulate feasible set for adjusted parameters of buyback contract was put forward in the condition of demand information updating. The study shows that, to coordinate the supply chain, buyback contract has to make real time response to information updating.