Inventory games

Ana Meca; Judith Timmer; Ignacio García-Jurado; Peter Borm

doi:10.1016/S0377-2217(02)00913-X

Inventory games

Ana Meca, Judith Timmer^*, Ignacio García-Jurado, Peter Borm

^*Corresponding author for this work

Stochastic Operations Research

Research output: Contribution to journal › Article › Academic › peer-review

122 Citations (Scopus)

Abstract

Inventory management studies how a single firm can minimize the average cost per time unit of its inventory. In this paper we extend this analysis to situations where a collective of firms minimizes its joint inventory cost by means of cooperation. Depending on the information revealed by the individual firms, we analyze related cooperative TU games and focus on proportional division mechanisms to share the joint cost.

Original language	English
Pages (from-to)	127-139
Journal	European journal of operational research
Volume	156
Issue number	1
DOIs	https://doi.org/10.1016/S0377-2217(02)00913-X
Publication status	Published - 2004

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10.1016/S0377-2217(02)00913-X

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title = "Inventory games",

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AB - Inventory management studies how a single firm can minimize the average cost per time unit of its inventory. In this paper we extend this analysis to situations where a collective of firms minimizes its joint inventory cost by means of cooperation. Depending on the information revealed by the individual firms, we analyze related cooperative TU games and focus on proportional division mechanisms to share the joint cost.

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DO - 10.1016/S0377-2217(02)00913-X

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JO - European journal of operational research

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Inventory games

Abstract

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