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| Author: | Chiang, W. -C. et al. |
| Title: | A game-theoretic approach to quantity discount problems |
| Journal: | Decision Sciences
1994 : VOL. 25;1, p. 153-168 |
| Index terms: | INVENTORY CONTROL MATHEMATICAL PROGRAMMING OPERATIONS MANAGEMENT PRODUCTION MANAGEMENT |
| Language: | eng |
| Abstract: | The traditional quantity discount problem is analyzed from the perspective of game theory, including both noncooperative and cooperative models. For the noncooperative case, the Stackelberg equilibrium is derived. For the cooperative case, the Pareto Optimality criteria are used to find the group of optimal strategies. Both scenarios are illustrated through an example which quantifies the benefits resulting from cooperation between the buyer and the seller for game-theoretic solutions using geometric programming. |
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