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- W2895087166 abstract "From social concerns about 3R activity worldwide, it is urgently needed to construct a closed-loop supply chain (CLSC). It is necessary to consider the negative range of profit due to the uncertain product demand for the optimal operation in the CLSC. This paper proposes the optimal operation for a CLSC with loss-averse attitude of the decision maker's profit. A retailer collects used products from customers by paying an incentive, a manufacturer produces recycled parts with acceptable quality and compensates a part of the collection cost to the retailer. This paper discusses some loss-averse attitudes (LAAs) of the decision maker's profit. Using loss-averse analysis, the optimal operations regarding the product order quantity, the unit collection incentive, and the lower limit of quality level under decentralised CLSC (DCLSC) and integrated CLSC (ICLSC) are determined. The analysis numerically investigates the effects of LAAs on the optimal operations and benefits of profit sharing approaches under ICLSC." @default.
- W2895087166 created "2018-10-12" @default.
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- W2895087166 date "2018-01-01" @default.
- W2895087166 modified "2023-09-27" @default.
- W2895087166 title "Optimal operation and supply chain coordination in a closed-loop supply chain with loss-averse attitude" @default.
- W2895087166 doi "https://doi.org/10.1504/ajmsa.2018.10016660" @default.
- W2895087166 hasPublicationYear "2018" @default.
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