Economic lot-sizing games
AbstractIn this paper we introduce a new class of OR games: economic lot-sizing (ELS) games. There are a number of retailers that have a known demand for a fixed number of periods. To satisfy demand the retailers order products at the same manufacturer. By placing joint orders instead of individual orders, costs can be reduced and a cooperative game arises. In this paper we show that ELS games are balanced. Furthermore, we show that two special classes of ELS games are concave.
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Bibliographic InfoArticle provided by Elsevier in its journal European Journal of Operational Research.
Volume (Year): 176 (2007)
Issue (Month): 2 (January)
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Other versions of this item:
- Heuvel, W. van den & Borm, P.E.M. & Hamers, H.J.M., 2007. "Economic lot-sizing games," Open Access publications from Tilburg University urn:nbn:nl:ui:12-303494, Tilburg University.
- Heuvel, W. van den & Borm, P.E.M. & Hamers, H.J.M., 2004. "Economic lot-sizing games," Econometric Institute Report EI 2004-43, Erasmus University Rotterdam, Econometric Institute.
- Heuvel, W. van den & Borm, P. & Hamers, H.J.M., 2004. "Economic Lot-Sizing Games," Research Paper ERS-2004-088-LIS, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus Uni.
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