Study on Value of Information Synergy in Steel Closed-Loop Supply Chain Based on Response Time

To study significance of information synergy achievement to steel closed-loop supply chain. Using research of supply chain response time for reference, this paper studied value of information synergy in steel closed-loop supply chain. Profit model of information synergy and profit of steel closed-loop supply chain in a two modes closed-loop supply chain that consisted of one steel enterprise and a seller was constructed in this paper. The result shows that within a certain range, as information synergy increases, benefit of steel closed-loop supply chain increases too. The study has an important role in research on information synergy in steel closed-loop supply chain. It also supports research for information synergy.