Closed-loop supply chain network equilibrium under legislation
Closed-loop supply chain network equilibrium under legislation
This paper expands previous work dealing with oligopolistic supply chains to the field of closed-loop supply chains. The model presented has been formulated with the intent of examining issues surrounding the recent European Union directive regarding waste of electric and electronic equipment (WEEE). The network modelled consists of manufacturers and consumer markets engaged in a Cournot pricing game with perfect information. Closed-loop supply chain network equilibrium occurs when all players agree on volumes shipped and prices charged. Certain properties of the model are examined analytically. Numeric examples are included and have been solved using an extragradient method with constant step size. The equilibrium solution obtained provide interesting insights that lead into a number of areas for future research.
895-908
Hammond, David
69f9a628-e519-4ec6-b25d-9571ab4c99d8
Beullens, Patrick
893ad2e2-0617-47d6-910b-3d5f81964a9c
2 December 2007
Hammond, David
69f9a628-e519-4ec6-b25d-9571ab4c99d8
Beullens, Patrick
893ad2e2-0617-47d6-910b-3d5f81964a9c
Hammond, David and Beullens, Patrick
(2007)
Closed-loop supply chain network equilibrium under legislation.
European Journal of Operational Research, 183 (2), .
(doi:10.1016/j.ejor.2006.10.033).
Abstract
This paper expands previous work dealing with oligopolistic supply chains to the field of closed-loop supply chains. The model presented has been formulated with the intent of examining issues surrounding the recent European Union directive regarding waste of electric and electronic equipment (WEEE). The network modelled consists of manufacturers and consumer markets engaged in a Cournot pricing game with perfect information. Closed-loop supply chain network equilibrium occurs when all players agree on volumes shipped and prices charged. Certain properties of the model are examined analytically. Numeric examples are included and have been solved using an extragradient method with constant step size. The equilibrium solution obtained provide interesting insights that lead into a number of areas for future research.
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Published date: 2 December 2007
Organisations:
Operational Research
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Local EPrints ID: 205837
URI: http://eprints.soton.ac.uk/id/eprint/205837
ISSN: 0377-2217
PURE UUID: e7c69560-8fdf-4faf-9744-918f56e3c96e
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Date deposited: 14 Dec 2011 10:17
Last modified: 15 Mar 2024 03:32
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Author:
David Hammond
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