Title :
The Application of Game Theory in Enterprise´ Transaction of Purchasing
Author_Institution :
Sch. of Econ. & Manage., Hebei Univ. of Eng., Handan, China
Abstract :
In the market economy, the cost of purchasing is one of the factors affecting the profit, so apply the theory of ldquodominant strategyrdquo to the process of purchasing, the decision-makers can control the daily transaction of purchasing more smoothly, and thus to realize the purpose of controlling and reducing cost. Practice shows this model is fairly reasonable and scientific especially applying to the enterprises who need a great of material and have many suppliers.
Keywords :
decision making; economics; electronic commerce; game theory; profitability; purchasing; cost reduction; decision-making; dominant strategy; enterprise transaction; game theory; market economy; profit; purchasing; Artificial intelligence; Conference management; Contracts; Costs; Engineering management; Game theory; Marketing and sales; Nominations and elections; Procurement; Production; dominant strategy; game theory; purchasing; suppliers;
Conference_Titel :
Artificial Intelligence, 2009. JCAI '09. International Joint Conference on
Conference_Location :
Hainan Island
Print_ISBN :
978-0-7695-3615-6
DOI :
10.1109/JCAI.2009.83
