Research Article

Information Sharing in a Closed-Loop Supply Chain with Asymmetric Demand Forecasts

Table 2

Notations of the closed-loop supply chain model.

SymbolsDefinitions

The unit cost of manufacturing a new product from raw materials
The unit cost of remanufacturing a returned product into a new one
The unit cost of saving due to the remanufacturing operations
The manufacturer’s collection efficiency
The potential market demand
The price sensitiveness of demand
The final market’s demand
The holding cost per unit of inventory
The shortage cost per unit of exceeding quantity
The retailer’s order quantity
The wholesale price of the manufacturer (decision variable)
The manufacturer’s collection rate of used products (decision variable)
The retail price of the retailer (decision variable)
The manufacturer’s output in the MTS scenario (decision variable)