Transcription of Chapter 2 GAME THEORY IN SUPPLY CHAIN …
{{id}} {{{paragraph}}}
Example: air traffic controller
Chapter 2 GAME THEORY IN SUPPLY CHAIN …
Chapter 2. GAME THEORY IN SUPPLY CHAIN analysis . G erard P. Cachon The Wharton School University of Pennsylvania Philadelphia, PA 19104. Serguei Netessine The Wharton School University of Pennsylvania Philadelphia, PA 19104. Abstract Game THEORY has become an essential tool in the analysis of SUPPLY chains with multiple agents, often with conflicting objectives. This Chapter surveys the applications of game THEORY to SUPPLY CHAIN analy- sis and outlines game-theoretic concepts that have potential for future application. We discuss both non-cooperative and cooperative game THEORY in static and dynamic settings. Careful attention is given to tech- niques for demonstrating the existence and uniqueness of equilibrium in non-cooperative games . A newsvendor game is employed throughout to demonstrate the application of various Keywords: Game THEORY , non-cooperative, cooperative, equilibrium concepts 1.
Game Theory in Supply Chain Analysis 3 discussion of important GT concepts covered in other chapters in this book: auctions in Chapters 4 and 10; principal-agent models in Chapter
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: