IDEAS home Printed from https://ideas.repec.org/a/inm/ormnsc/v33y1987i11p1489-1500.html
   My bibliography  Save this article

Competitive Procurement Under Demand Uncertainty

Author

Listed:
  • Kofi O. Nti

    (College of Business Administration, The Pennsylvania State University, University Park, Pennsylvania 16802)

Abstract

Stockpilers of commodities in short supply must frequently contend with game-theoretic ramifications arising from the fact that unit purchasing cost increases with aggregate requirements. In this paper, a competitive inventory procurement model for countries facing uncertain demand is analyzed as a game of strategy. Noncooperative and cooperative aspects of the problem are examined. There are significant incentives for cooperating. Some implications of this analysis for strategic petroleum stockpiling models are discussed.

Suggested Citation

  • Kofi O. Nti, 1987. "Competitive Procurement Under Demand Uncertainty," Management Science, INFORMS, vol. 33(11), pages 1489-1500, November.
    • Handle: RePEc:inm:ormnsc:v:33:y:1987:i:11:p:1489-1500
    DOI: 10.1287/mnsc.33.11.1489
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1287/mnsc.33.11.1489
    Download Restriction: no
    File URL: https://libkey.io/10.1287/mnsc.33.11.1489?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:ormnsc:v:33:y:1987:i:11:p:1489-1500. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.