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Cooperation in an HMMS-type supply chain: A management application of cooperative game theory

Periodica Polytechnica Social and Management Sciences

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Field 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
 
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