A review of non-cooperative newsvendor games with horizontal inventory interactions

Silbermayr, Lena (2020) A review of non-cooperative newsvendor games with horizontal inventory interactions. Omega - International Journal of Management Science, 92. p. 102148. ISSN 0305-0483

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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.

Item Type: Article
Keywords: Newsvendor; Non-cooperative simultaneous game; Transshipments; Substitution; Horizontal coordination
Divisions: Departments > Informationsverarbeitung u Prozessmanag.
Version of the Document: Draft
Depositing User: Gertraud Novotny
Date Deposited: 18 Oct 2019 10:33
Last Modified: 09 Mar 2020 15:23
Related URLs:
FIDES Link: https://bach.wu.ac.at/d/research/results/92353/
URI: https://epub.wu.ac.at/id/eprint/7215

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