Title :
Economic lot-sizing games with perishable inventory
Author :
Zeng, Yinlian ; Li, Jun ; Cai, Xiaoqiang
Author_Institution :
Sch. of Econ. & Manage., Southwest Jiaotong Univ., Chengdu, China
Abstract :
We consider the economic lot-sizing (ELS) game with perishable inventory. In this cooperative game, a number of retailers that have a known demand through a fixed number of periods for a same kind of perishable goods collaborate to place joint orders to a single supplier. We first show that an ELS game with perishable inventory is subadditive, totally balanced and its core is nonempty. Then, we propose an allocation in the core which allocates the unit cost to each period as equally as possible. Finally, a numerical example is given to illustrate the above results.
Keywords :
game theory; lot sizing; stock control; ELS; cooperative game theory; economic lot sizing; perishable inventory; retailers; Collaboration; Economics; Game theory; Games; Joints; Linear programming; Resource management; collaborative procurement; cooperative game theory; economic lot-sizing; perishable inventory;
Conference_Titel :
Service Systems and Service Management (ICSSSM), 2011 8th International Conference on
Conference_Location :
Tianjin
Print_ISBN :
978-1-61284-310-0
DOI :
10.1109/ICSSSM.2011.5959533