Title :
Circular Economy Based on Game Balance of the Project Products Pricing
Author :
Wang Hua ; Chen Lingling
Author_Institution :
Sch. of Manage., Shenyang Univ. of Technol., Shenyang, China
Abstract :
Against the issue about revenue maximization of cycle project product, apply ideas of game balance, base on a single product manufacturers and retailers in closed-loop system, study when recycling waste products, decentralized decision-making model and a joint pricing strategies of enterprises; In considering the environmental costs of products, proposed differential pricing policy model in product recycling closed-loop supply chain, and establish the corresponding coordination mechanism, enable product manufacturers and retailers to share the system profit, obtain more profit than non-cooperative game.
Keywords :
closed loop systems; game theory; pricing; circular economy; closed-loop system; decision making model; game balance; joint pricing strategies; product manufacturers; project products pricing; recycling waste products; Biological system modeling; Decision making; Games; Materials; Pricing; Recycling; Supply chains;
Conference_Titel :
E-Product E-Service and E-Entertainment (ICEEE), 2010 International Conference on
Conference_Location :
Henan
Print_ISBN :
978-1-4244-7159-1
DOI :
10.1109/ICEEE.2010.5660338