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, Professor, Information Systems and Supply Chain Management (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.
Buyer-Seller Quantity-Discount Strategies Under Profit Maximizing Objectives: A Game-Theoretical Analysis
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Created on 6/8/2011
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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