With the widely acception of extended producer responsibility system, reverse logistics has attracted more and more attention. For manufacturers, reverse logistics activities is not inseparable to the general forward logistics, and they constitute the closed-loop supply chain. Decision makers of enterprises need to control the new products inventory and the recovered materials inventory to make the enterprises get the maximum profit.In this paper,the inventory characteristics under the closed-loop supply chain be analyzed and a inventory model for a single repair period, many production period is proposed .On condition that the number of recovery is controlled by the recycling price and is equal in different cycles,the recovered products can be sold as new.A economic production quantity and recycling price can be solved to make the total cost of a single cycle lowest ,which provides a basis for business decisions.