On stabilizing volatile product returns
We model a production-remanufacturing system as a discrete dynamical system. We derive explicit conditions for stable, instable or saddle point equilibria. For the waste paper industry, we can show that the equilibrium is a saddle point. Even small variations of production input proportions could stabilize the system. The substitutability of the production inputs is a main driver for chaotic behavior.
production discrete dynamical systems or in natural resources