Game Theory Models and Their Applications in Inventory Management and Supply Chain

Chinchuluun, Altannar; Karakitsiou, Athanasia; Mavrommati, Athanasia

doi:10.1007/978-0-387-77247-9_29

Cited by 22 publications

(19 citation statements)

References 62 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…For a brief review of related game theory concepts in supply chain contracts see Cachon and Netessine (2006) and Chinchuluun et al (2008). Accordingly, one should analyze whether the contract can be setup so that it could induce all the agents to select the supply chain's optimal decision, and whether the resultant division scheme of supply chain profits are acceptable to them.…”

Section: Analytical Methods Of Coordinating Contractsmentioning

confidence: 99%

Coordinating Contracts in SCM: A Review of Methods and Literature

Hezarkhani

Kubiak

2010

dmms

View full text Add to dashboard Cite

Abstract. Supply chain coordination through contracts has been a burgeoning area of research in recent years. In spite of rapid development of research, there are only a few structured analyses of assumptions, methods, and applicability of insights in this field. The aim of this paper is to provide a systematic overview of coordinating contracts in supply chain through highlighting the main concepts, assumptions, methods, and present the state-of-theart research in this field.

show abstract

Section: Analytical Methods Of Coordinating Contractsmentioning

confidence: 99%

Coordinating Contracts in SCM: A Review of Methods and Literature

Hezarkhani

Kubiak

2010

dmms

View full text Add to dashboard Cite

show abstract

“…Various applications of the TU games have been considered in literature. Examples include Market games (Shapley and Shubic, 1969), public good games (Bodwin, 2017), the bankruptcy problem (Aumann and Maschler, 1985) and inventory problems (Chinchuluun et al, 2008). Applications which combine TU games with optimisation and learning include micro-grid problems (Saad et al , 2013) and coordinated replenishment (Bauso and Timmer, 2009).…”

Section: Ams Subject Classifications 68q25 68r10 68u05mentioning

confidence: 99%

Game-Theoretic Learning and Allocations in Robust Dynamic Coalitional Games

Smyrnakis¹,

Bauso²,

Tembiné³

2019

SIAM J. Control Optim.

View full text Add to dashboard Cite

“…In general, Game Theory can improve or clarify interactions between different groups who are competing against each other. Cooperative and non-cooperative games are used to model several supply chains with single and multi-period settings [22].…”

Section: Inventory Game Game Against Naturementioning

confidence: 99%

“…The aforementioned characteristic of the market enables us to consider the spare parts inventory game as a game against nature. Our literature review including: [13], [15], [19], [22] shows us, none of the research has been dedicated to the application of the game against nature in the spare parts inventory management. One of the recent studies related to the application of the game against nature in the strategic decision-making is provided by [24].…”

Section: Inventory Game Game Against Naturementioning

confidence: 99%

Application of Game Theory on Inventory Level Decision Making

Vaziri

Sodhi

2014

IJBER

View full text Add to dashboard Cite

Many companies producing durable products, profit more from spares than the base parts. In a competitive and uncertain aftermarket, an Original Equipment Manufacturer (OEM) can benefit from Game Theory to manage spare parts inventories. We study the spare parts inventory game as an N-person non-zero-sum single-shot game where players play simultaneously. The game is restricted to a two-player (the OEM and the market) non-cooperative game setup. The market is an unreasoning entity whose strategic choices affect the payoff of the OEM, with no interest in the outcome of the game. This is a game against nature, which means the OEM plays against the market. The OEM decides on a pricing strategy (in a competitive manner with low cost manufacturers or will-fitters to absorb more customers) and the order-up-to stock level, and its inventory level strategy is not dominated-i.e. the game has a mixed strategy solution. This solution maximizes the payoff for the OEM by setting the price and the inventory level based on assumptions on the lower and upper bounds of the demand's distribution parameters.

show abstract

Game Theory Models and Their Applications in Inventory Management and Supply Chain

Cited by 22 publications

References 62 publications

Coordinating Contracts in SCM: A Review of Methods and Literature

Coordinating Contracts in SCM: A Review of Methods and Literature

Game-Theoretic Learning and Allocations in Robust Dynamic Coalitional Games

Application of Game Theory on Inventory Level Decision Making

Contact Info

Product

Resources

About