Quotation Silbermayr, Lena. 2019. A review of non-cooperative newsvendor games with horizontal inventory interactions. Omega - International Journal of Management Science.


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Abstract

There are numerous applications of game theory in the analysis of supply chains where multiple actors interact with each other in order to reach their own objectives. In this paper we review the use of non-cooperative game theory in inventory management within the newsvendor framework describing a single period inventory control model with the focus on horizontal interactions among multiple independent newsvendors. We develop a framework for identifying these types of horizontal interactions including, for example, the models with the possibility of inventory sharing via transshipments, and situations with substitutable products sold by multiple newsvendors. Based on this framework, we discuss and relate the results of prior research and identify future research opportunities.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Omega - International Journal of Management Science
Citation Index SCI
WU Journalrating 2009 A
WU-Journal-Rating new FIN-A, INF-A, STRAT-B, WH-B
Language English
Title A review of non-cooperative newsvendor games with horizontal inventory interactions
Year 2019
Reviewed? Y
DOI https://doi.org/10.1016/j.omega.2019.102148
Open Access Y

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People
Silbermayr, Lena (Details)
Organization
Information Systems and Operations DP (Details)
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