Journal
APPLIED MATHEMATICAL MODELLING
Volume 111, Issue -, Pages 610-629Publisher
ELSEVIER SCIENCE INC
DOI: 10.1016/j.apm.2022.07.002
Keywords
Optimal pricing; Centralized and decentralized models; Static and dynamic game; Stability analysis; Apparel supply chain
Funding
- National Natural Science Foundation of China [71571131]
Ask authors/readers for more resources
Motivated by the low-carbon economic development, this study investigates the competition issues in apparel supply chains considering consumers' low-carbon preferences. Static and dynamic decision-making models are constructed under different game scenarios based on centralized and decentralized frameworks. The study explores the critical conversion conditions between the centralized and decentralized frameworks and examines the complex effect of adjustment parameters on the dynamic system. The findings highlight the impact of the low-carbon investment coefficient on the benefits of the supply chain.
Motivated by the low-carbon economic development, we study the competition issues in apparel supply chains considering consumers' low-carbon preferences. In this paper, we construct static and dynamic decision-making models under different game scenarios based on the centralized and decentralized frameworks. Firstly, we explore the critical con-version conditions between the centralized and decentralized frameworks with the static game models. The centralized model benefits the whole supply chain when the low-carbon investment coefficient is moderate. On the contrary, the decentralized model benefits the supply chain when the low-carbon investment coefficient is smaller or larger. Secondly, combined with the local and global bifurcation theory, we examine the complex effect of adjustment parameters on the dynamic system. The dynamic game systems show bifurca-tion, chaos, and multi-stability as the adjustment parameters change continuously. There-fore, we apply a hybrid chaos control method to stabilize the dynamic system. Thirdly, we compare the average profits in the dynamic game scenarios and show the complex rela-tionships with the varying parameters. Finally, some management insights and suggestions are presented based on our findings.(c) 2022 Elsevier Inc. All rights reserved.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available