Decision Analysis Simulation of a Low Carbon Supply Chain System based on Different Risk Aversion Models Running on Matlab

Abstract

Results: The research results show that when the retailer is completely risk averse, the decentralized decision model can achieve the same utility as the centralized decision model without using the coordination contract. When the manufacturer is risk neutral and the retailer is risk averse, the wholesale price under the decentralized decision model is lower than under the centralized decision model because a preference exists for low carbon and a reduction occurs in carbon emission.