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Complexity Uncertainty Analysis of Dynamic in a Dual-Channel Energy Supply Chain Model with Heterogeneous Retailers

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  • Ting Li
  • Junhai Ma
  • Lijian Sun

Abstract

This paper analyses the dynamics of dual-channel energy supply chain model with heterogeneous retailers (as regards the type of expectations’ formation). On the basis of analyzing the stabilities of four fixed points in the three-dimensional dynamic system, local stable regions of Nash equilibrium are obtained. Effects of S on the stable regions and profit are studied. Simulation results show that the adjustment of price speed has an obvious impact on the complexity of competition. The performances of the model in different period are measured by using the index of average profit. The results show that unstable behavior in economic system is often an unfavorable outcome. So this paper discusses the application of parameters control method when the model is in chaos and then allows the oligarchs to eliminate the negative effects.

Suggested Citation

  • Ting Li & Junhai Ma & Lijian Sun, 2015. "Complexity Uncertainty Analysis of Dynamic in a Dual-Channel Energy Supply Chain Model with Heterogeneous Retailers," Mathematical Problems in Engineering, Hindawi, vol. 2015, pages 1-10, July.
    • Handle: RePEc:hin:jnlmpe:562158
    DOI: 10.1155/2015/562158
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