Allocating Pooled Inventory According to Contributions and Entitlements
Journal Title: Decision Making in Manufacturing and Services - Year 2015, Vol 9, Issue 1
Abstract
Inventory pooling, whether by centralization of stock or by mutual assistance, is known to be beneficial when demands are uncertain. But when the retailers are independent, the question is how to divide the benefits of pooling. We consider a decentralized inventory pooling scheme where retailers' entitlements to allocation in case of shortage depend on their contributions to the pool. We derive the Nash equilibrium, and specialize it to symmetric cases.
Authors and Affiliations
Yigal Gerchak
Keywords
Related Articles
- EP ID EP420106
- DOI 10.7494/dmms.2015.9.1.51
- Views 126
- Downloads 0
Optimizing Modular Machining Line Design Problem with Mixed Activation Mode of Machining Units
A modular transfer line designing problem is investigated. The problem is to find the best subset of modules (machining units) from a given set and to assign them to different stations so that technological constraints a...
Manpower Planning with Annualized Hours Flexibility: A Fuzzy Mathematical Programming Approach
We have considered the problem of annualized hours (AH) in workforce management. AH is a method of distributing working hours with respect to the demand over a year. In this paper, the basic Manpower planning problem wit...
Neighbourhood Properties in Some Single Processor Scheduling Problem with Variable Efficiency and Additional Resources
In the paper, we consider a problem of scheduling a set of tasks on a single processor. Each task must be preprocessed before it can be started on a processor. The efficiency of preprocessing is variable, i.e., the rate...
A Distributed Decision-Support System for Virtual Prototyping
Virtual Prototyping (VP) is a data-driven design process that promotes both knowledge reuse and innovation. High-profile applications in the automotive and aerospace industries have demonstrated its potential to signific...
Game-Theoretic Approach to Bank Loan Repayment
The paper presents a model of a bank loan repayment as a signaling game with a set of discrete types of borrowers. The type of the borrower is the return on investment project. A possibility of renegotiation of the loan...