Journal article
Non-cooperative Game Theory Analysis in Supply Chain Internal Financing
IIE Annual Conference. Proceedings, pp.549-554
01 Jan 2017
Abstract
This paper develops optimal policies for introducing internal supply chain financing into the traditional newsvendor model, where a liquid supplier assists the capital constrained retailer. Optimal contract parameter values are developed utilizing a Stackelberg game under various scenarios, utilizing a modified wholesale price contract which incorporates a transfer payment. A measure of efficiency is introduced which tracks the effectiveness of contracts. The results are compared with a no coordination mechanism and a traditional wholesale price contract respectively. It is proven that the profit and efficiency of the entire supply chain are optimal with this new mechanism.
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Details
- Title
- Non-cooperative Game Theory Analysis in Supply Chain Internal Financing
- Creators
- Wanying ShiJulie Drzymalski
- Publication Details
- IIE Annual Conference. Proceedings, pp.549-554
- Conference
- IIE Annual Conference
- Publisher
- Institute of Industrial and Systems Engineers (IISE)
- Number of pages
- 1
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Construction, Engineering, and Project Management and Systems Engineering [Historical]
- Identifiers
- 991019173885904721