Stability and Complexity Analysis of a Dual-Channel Closed-Loop Supply Chain with Delayed Decision under Government Intervention

• Main Authors: Daoming Dai, Fengshan Si, Jing Wang
• Format: Article
• Language: English
• Published: MDPI AG 2017-10-01
• Series: Entropy
• Subjects: dual-channel closed-loop supply chain; government intervention; delayed decision; entropy; stability; complexity
• Online Access: https://www.mdpi.com/1099-4300/19/11/577

This paper constructs a continuous dual-channel closed-loop supply chain (DCLSC) model with delayed decision under government intervention. The existence conditions of the local stability of the equilibrium point are discussed. We analyze the influence of delay parameters, the adjustment speed of wholesale price, recovery rate of waste products, direct price, carbon quota subsidy, and carbon tax on the stability and complexity of model by using bifurcation diagram, entropy diagram, attractor, and time series diagram and so on. Besides, the delay feedback control method is adopted to control the unstable or chaotic system effectively. The main conclusions of this paper show that the variables mentioned above must be within a reasonable range. Otherwise, the model will lose stability or enter chaos. The government can effectively adjust manufacturers' profit through carbon tax and carbon quota subsidy, and encourage manufacturers to reduce carbon emissions and increase the remanufacturing of waste products.