Article ID: | iaor20112538 |
Volume: | 62 |
Issue: | 4 |
Start Page Number: | 565 |
End Page Number: | 580 |
Publication Date: | Apr 2011 |
Journal: | Journal of the Operational Research Society |
Authors: | Dror M, Hartman B C |
Keywords: | game theory, inventory |
We examine cooperative games in supply‐chain management termed Inventory Games. Supply‐chain management has non‐cooperative and cooperative interactions between the participating players. We provide a concise survey of cooperative inventory games in the form of extensions on two basic problems. For deterministic games, Economic Order Quantity‐like policies with joint replenishment are of primary interest. For stochastic games we examine Newsvendor‐like centralization games and their extensions. We conclude with a short summary of a dynamic Newsvendor realization game and directions for further research.