Research Article

Pricing and Coordination Strategy in a Green Supply Chain with a Risk-Averse Retailer

Table 2

Model parameters and decision variables.

Model parameter
The demand in the direct channel
The total market potential demand
Consumer demand’s price sensitivity
Consumer sensitivity to the green degree
Unit cost coefficient of the green degree
Research cost of the green product
Random noise of the demand
Standard deviation of normal distribution
Risk-averse coefficient

Decision variables
Wholesale price of the green product
The product’s green degree
Retail price of the green product