Logistics networks: A game theory application for solving the transshipment problem

Logistics networks: A game theory application for solving the transshipment problem

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Article ID: iaor2007973
Country: Netherlands
Volume: 168
Issue: 2
Start Page Number: 1419
End Page Number: 1431
Publication Date: Sep 2005
Journal: Applied Mathematics and Computation
Authors:
Keywords: game theory
Abstract:

As competition from emerging economies such as China and India puts pressure on global supply chains and as new constraints emerge, it presents opportunities for approaches such as game theory for solving the transshipment problem. In this paper we use the well-known Shapley value concept from cooperative game theory as an approach to solve the transshipment problem for maintaining stable conditions in the logistics network. A numerical example is presented to show the usefulness of this approach.

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