Research Article

Production Decision and Coordination Mechanism of Socially Responsible Closed-Loop Supply Chain

Table 1

Model parameter settings.

ParameterRepresents

Retail price per unit of product set by the retailer
Unit wholesale price given by the manufacturer
Recovery price for used products
Production cost of new products
Production cost saved by the retailer from remanufactured products
Impact factors of social responsibility level on consumers’ willingness to pay
Patent licensing fee for manufacturer-licensed remanufacturing
Manufacturer’s level of CSR
Ratio of CSR-sensitive consumers
Market capacity
The profit function of the enterprise , , where represents the manufacturer and represents the retailer