In 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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Paper provided by Erasmus University Rotterdam, Econometric Institute in its series Econometric Institute Report with number
EI 2004-43 Revision_Date: 2009-07-29.
Heuvel, W. van den & Borm, P. & Hamers, H., 2004.
"Economic Lot-Sizing Games,"
Research Paper
ERS-2004-088-LIS Revision, 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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