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Buyer-Seller Quantity-Discount Strategies Under Profit Maximizing Objectives: A Game-Theoretical Analysis

UNCG Author/Contributor (non-UNCG co-authors, if there are any, appear on document)
Joyendu Bhadury, Associate Dean - Graduate Programs and Research (Creator)
Institution
The University of North Carolina at Greensboro (UNCG )
Web Site: http://library.uncg.edu/

Abstract: This paper is intended to provide a detailed game-theoretical analysis of the buyer-vendor coordination problem embedded in the price-discount inventory model. Pure and mixed, cooperative and non-cooperative strategies are developed. Highlights of the paper include the full characterization of the Pareto optimal set, the determination of profit-sharing mechanisms for the cooperative case and the derivation of a set of parameter-specific non-cooperative mixed strategies. A numerical example is presented to illustrate the main features of the model.

Additional Information

Publication
International Journal of Operations and Quantitative Management. Vol. 2, No. 1, pp 49-72, (April).
Language: English
Date: 1995
Keywords
Game Theory, Inventory, Price-Discount, Buyer-Vendor