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Coordinating pricing and inventory decisions in a multi-level supply chain: A game-theoretic approach


Reference:

Huang, Y., Huang, G. Q. and Newman, S. T., 2011. Coordinating pricing and inventory decisions in a multi-level supply chain: A game-theoretic approach. Transportation Research Part E-Logistics and Transportation Review, 47 (2), pp. 115-129.

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    Official URL:

    http://dx.doi.org/10.1016/j.tre.2010.09.011

    Abstract

    This paper concerns coordination of enterprise decisions such as suppliers and components selection, pricing and inventory in a multi-level supply chain composed of multiple suppliers, a single manufacturer and multiple retailers. The problem is modeled as a three-level dynamic non-cooperative game. Analytical and computational methods are developed to determine the Nash equilibrium of the game. Finally, a numerical study in computer industry is conducted to understand the influence of the market scale parameter and the components selection strategy on the optimal decisions and profits of the supply chain as well as its constituent members. Several research findings have been obtained.

    Details

    Item Type Articles
    CreatorsHuang, Y., Huang, G. Q. and Newman, S. T.
    DOI10.1016/j.tre.2010.09.011
    Uncontrolled Keywordspricing, dynamic non-cooperative game, nash equilibrium, inventory, multi-level supply chain, product family design
    DepartmentsFaculty of Engineering & Design > Mechanical Engineering
    RefereedYes
    StatusPublished
    ID Code23289

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