Allocating Pooled Inventory According to Contributions and Entitlements

• Autorzy: Yigal Gerchak
• Języki publikacji: EN

Abstrakty

EN

Inventory pooling, whether by centralization of stock or by mutual assistance, is known to be beneficial when demands are uncertain. But when the retailers are independent, the question is how to divide the benefits of pooling. e consider a decentralized inventorypooling scheme where a retailer's entitlements to the allocation during a shortage depend on his/her contributions to the pool. We derive the Nash equilibrium and specialize it to symmetric cases. (original abstract)

Słowa kluczowe

EN

Game theory; Inventory management; Nash equilibrium

PL

Teoria gier; Zarządzanie zapasami; Równowaga Nasha

• Czasopismo: Decision Making in Manufacturing and Services
• Rocznik: 2015
• Tom: 9
• Numer: nr 1
• Strony: 51--54

Twórcy

autor

Yigal Gerchak

• Tel Aviv University

Bibliografia

• 1. Ben-Zvi, N., Gerchak, Y., 2012. Inventory Centralization in a Single Period Setting when Shortage Costs Differ: Priority and Costs Allocation. In: J. Choi (ed.), Handbook of Newsvendor Problems: Models, Extensions and Applications, Springer.
• 2. Cho, S.-H., Tang, C.S., 2014. Capacity Allocation under Retail Competition: Uniform and Competitive Allocations. Operations Research, Articles in Advance.
• 3. Friedman, J.W., 1984. Game Theory with Applications in Economics, Oxford University Press.
• 4. Gerchak, Y., Gupta, D., 1991. On Apportioning Costs to Customers in Centralized Continuous Review Inventory Systems. Journal of Operations Management, 10, pp. 546-551.
• 5. Gerchak, Y., Schwarz, G., 2014. Supply Chain Coordination with Multiple Rerailers and Non-Linear Production Costs.
• 6. Hartman, B.C., Dror, M., Shaked, M., 2000. Cores of Inventory Centralization Games. Games and Economic Behavior, 31, pp. 26-49.
• 7. Montruccio, L., Norde, H., Özen, U., Scarsini, M., Slikker, M., 2002. Cooperative Newsvendor Games: A Review. In: J. Choi (ed.), Handbook of Newsvendor Problems, Springer.
• 8. Müller, A., Scarsini, M., Shaked, M., 2002. The Newsvendor Game has a non-Empty Core. Games and Economic Behavior, 38, pp. 118-126.
• 9. Shao, J., Krishnan, H., McCormick, S.T., 2011. Incentives for Transshipment in a Supply Chain with Decentralized Retailers. Manufacturing and Service Operations Management, 13, pp. 361-370.

Identyfikatory

DOI

10.7494/dmms.2015.9.1.51