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

In: Pareto Optimality, Game Theory And Equilibria

Author

Listed:
  • Altannar Chinchuluun

    (University of Florida)

  • Athanasia Karakitsiou

    (Technical University of Crete)

  • Athanasia Mavrommati

    (Technical University of Crete)

Abstract

Analysis of supply chain politics can benefit from applying game-theory concepts extensively. Game theory tries to enlighten the interactions between individuals or groups of people whose goals are opposed conflicting, or at least partially competing. In this chapter, we review classic game theoretical approaches to modeling and solving certain problems in supply chain management. Both noncooperative and cooperative models are discussed and solution procedures are presented in single-period and multiperiod settings. As used here, a “game” is a metaphor for any interaction among the decision makers in a supply chain.

Suggested Citation

  • Altannar Chinchuluun & Athanasia Karakitsiou & Athanasia Mavrommati, 2008. "Game Theory Models and Their Applications in Inventory Management and Supply Chain," Springer Optimization and Its Applications, in: Altannar Chinchuluun & Panos M. Pardalos & Athanasios Migdalas & Leonidas Pitsoulis (ed.), Pareto Optimality, Game Theory And Equilibria, pages 833-865, Springer.
    • Handle: RePEc:spr:spochp:978-0-387-77247-9_29
    DOI: 10.1007/978-0-387-77247-9_29
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    Citations

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    Cited by:

    1. Deligiannis, Michalis & Liberopoulos, George & Benioudakis, Myron, 2023. "Dynamic supplier competition and cooperation for buyer loyalty on service," International Journal of Production Economics, Elsevier, vol. 255(C).
    2. Evren Körpeoğlu & Alper Şen & Kemal Güler, 2012. "A private contributions game for joint replenishment," Mathematical Methods of Operations Research, Springer;Gesellschaft für Operations Research (GOR);Nederlands Genootschap voor Besliskunde (NGB), vol. 75(1), pages 67-82, February.
    3. Silbermayr, Lena, 2020. "A review of non-cooperative newsvendor games with horizontal inventory interactions," Omega, Elsevier, vol. 92(C).

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