Title

Game theoretic applications in supply chain management : a review

Document Type

Journal article

Source Publication

INFOR: Information Systems and Operational Research

Publication Date

8-1-2005

Volume

43

Issue

3

First Page

187

Last Page

220

Keywords

Supply chain management; non-cooperative and cooperative games

Abstract

Recent emphasis on competition and cooperation in supply chains has resulted in the resurgence of game theory as a relevant tool for analyzing such interactions in a supply chain. This paper presents a review of more than 130 papers concerned with game theoretical applications in supply chain management (SCM). We first give a brief summary of the basic solution concepts in noncooperative and cooperative games such as Nash and Stacokelberg equilibria, Nash arbitration scheme and cooperation with sidepayments, the core, the Shapley value and nucleolus. Our review of supply chain-related game theoretical applications is presented in five areas: (i) Inventory games with fixed unit purchase cost, (ii) Inventory games with quantity discounts, (iii) Production and pricing competition, (iv) Games with other attributes, (v) Games with joint decisions on inventory, production/pricing and other attributes. The paper concludes with a summary of our review, suggestions for potential applications of game theory in SCM and an alternative classification of all reviewed papers.

Print ISSN

03155986

E-ISSN

19160615

Publisher Statement

Access to external full text or publisher's version may require subscription.

Recommended Citation

Leng, M., & Parlar, M. (2005). Game theoretic applications in supply chain management: A review. INFOR: Information Systems and Operational Research, 43(3), 187-220.

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