Recycling and Financing Decision for Closed-Loop Supply Chain under Capital Constraints of Manufacturer
Aiming at a two-stage closed-loop supply chain(CLSC)composed of a manufac-turer and a dominant retailer,the recycling and financing decision-making for CLSC under capital constraints of manufacturer was researched in this paper.Four decision models of CLSC were constructed,and the effects of different recycling modes and financing strategies on the performance of CLSC members and overall were analyzed.The research shows that both the manufacturer and retailer lack the initiative of recycling waste products when using the retailer credit financing strategy,and the different recycling modes do not affect the choice of optimal financing strategies of CLSC.Furthermore,no matter the manufacturer or retailer is responsible for the recycling of waste products,the retailer credit financing strat-egy is more conducive to increase the profits of CLSC members.Regardless of the financing strategies,when the manufacturer as the main body of recycling,it is more conducive to improve the overall efficiency of CLSC and the recycling rate of waste products.
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