Research Article

Equilibrium Model of Discrete Dynamic Supply Chain Network with Random Demand and Advertisement Strategy

Table 2

Basic parameters in the closed-loop supply chain network figure.

NotationDefinition

Raw material conversion rate
A typical period,
A typical supplier,
A typical manufacturer,
A typical retailer,
A typical demand market,
>0The unit cost of product shortage of retailer
>0The unit cost of product excess of retailer
Advertising investment ratio shared by manufacturer