Cooperation in an HMMS-type supply chain: A management application of cooperative game theory
Periodica Polytechnica Social and Management Sciences
View Archive InfoField | Value | |
Title |
Cooperation in an HMMS-type supply chain: A management application of cooperative game theory
|
|
Creator |
Dobos, Imre; Corvinus University of Budapest, Institute of Business Economics
Pintér, Miklós; Corvinus University of Budapest, Department of Mathematics, and MTA-BCE “Lendület” Strategic Interactions Research Group |
|
Subject |
Optimal control; Supply chain; Bullwhip effect; Cooperative game theory; Weighted Shapley value
|
|
Description |
We apply cooperative game theory concepts to analyze a Holt-Modigliani-Muth-Simon (HMMS) supply chain. The bullwhip effect in a two-stage supply chain (supplier-manufacturer) in the framework of the HMMS-model with quadratic cost functions is considered. It is assumed that both firms minimize their relevant costs, and two cases are examined: the supplier and the manufacturer minimize their relevant costs in a decentralized and in a centralized (cooperative) way. The question of how to share the savings of the decreased bullwhip effect in the centralized (cooperative) model is answered by the weighted Shapley value, by a transferable utility cooperative game theory tool, where the weights are for the exogenously given “bargaining powers” of the participants of the supply chain.
|
|
Publisher |
Budapest University of Technology and Economics
|
|
Date |
2013-06-24
|
|
Type |
info:eu-repo/semantics/article
Peer-reviewed Article info:eu-repo/semantics/publishedVersion |
|
Format |
application/pdf
|
|
Identifier |
http://www.periodicapolytechnica.org/so/article/view/2156
10.3311/PPso.2156 |
|
Source |
Periodica Polytechnica Social and Management Sciences; Vol. 21, No. 1 (2013); 45-52
|
|
Language |
eng
|
|
Relation |
http://www.periodicapolytechnica.org/so/article/view/2156/1290
|
|
Rights |
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access). As soon as the paper is accepted, finally submitted and edited, the npaper will appear in the "OnlineFirst" page of the journal, thus from this point no other internet-based publication is necessary
|
|