Title :
Research on inventory game of supply chain based on credit coordination mechanism
Author :
Bai, Shizhen ; Wang, Danhong
Author_Institution :
Sch. of Logistics, Harbin Univ. of Commerce, Harbin
Abstract :
Nowadays, supply chain coordination has become the major concern problem in optimization cost, and inventory control is the main way to improve the performance or reduce cost. Based on cooperation and symmetry information, this paper builds up inventory control model for supplier and retailer system in which retailer is the core enterprise. Then, the supply chain realizes the optimal total cost through offering trade credit and obtains the Nash equilibrium policy and optimal ordering policy through discussing the game model. Finally, the efficiency of the policy is illustrated by a numerical example.
Keywords :
cost reduction; decision theory; game theory; optimisation; retailing; stock control; supply chain management; Nash equilibrium policy; cost reduction; credit coordination mechanism; game model; inventory control; optimal ordering policy; optimization; supplier-retailer system; supply chain coordination; credit; game; inventory; supply chain;
Conference_Titel :
Service Operations and Logistics, and Informatics, 2008. IEEE/SOLI 2008. IEEE International Conference on
Conference_Location :
Beijing
Print_ISBN :
978-1-4244-2012-4
Electronic_ISBN :
978-1-4244-2013-1
DOI :
10.1109/SOLI.2008.4683056