A selective survey of game-theoretic models of closed-loop supply chains

This paper surveys two key issues in Closed-loop Supply Chain (CLSC) research: return functions and coordination mechanisms. The return function provides the rule according to which end-of-life/use products are returned to a collector. The coordination mechanisms consist of the adoption of a certain mechanism (e.g., a contract) to align the closed-loop supply chain members' objectives. We describe latest thinking in these two major CLSC-related fields and suggest future research directions to be undertaken.

Automated summary

This paper surveys two crucial issues in Closed-loop Supply Chain (CLSC) research: return functions and coordination mechanisms. Return functions determine the rules for returning end-of-life/use products to a collector, while coordination mechanisms align the objectives of closed-loop supply chain members through the adoption of specific mechanisms, such as contracts. The paper describes the latest developments in these two major CLSC-related fields and suggests future research directions.