Fig 4 - uploaded by Ashkan Hafezalkotob
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Core and EP allocations for different 3-player games
Source publication
Several real problems in telecommunication, transportation, and distribution industries can be analyzed by network flow models. In revenue management, pricing plays a primary role which increases the profit generated from a limited supply of assets. Pricing decision directly affects the amount of service or product demand. Hence, in traditional max...
Context in source publication
Context 1
... methods work to impose fairness by maximization of the minimum satisfaction. Figure 4 illustrates the relative locations of the solutions to these 3-player games in barycenteric coordinates. The shaded area is related to the core (EP), which is not empty in this case, though it may happen sometimes if all of solutions lie into the core. ...
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Citations
... Their results suggest that the contractors can obtain higher profits due to cooperating through sharing resources. A cooperative game theory was used by Naseri and Hafezalkotob (2016) to demonstrate pricing decisions and allocation of benefits in a cooperative network flow and by Hafezalkotob et al. (2017b) for a vehicle routing problem in a competitive environment. Moreover, Xu and Beamon (2006) looked into a coordination mechanism for different supply chains in different scenarios and environments. ...
As game theory continues to be a relevant approach in evaluating supply chain coordination and competition, this paper explores the various applications and current trends of game theory to supply chain management through an exhaustive review on the literature. This work reviews more than 200 papers which cover several supply chain formations, structures, environments, and decisions together with different game theoretic concepts and applications. First, the paper elaborates on the basic concepts of Nash and Stackelberg games to allow further understanding of their applications in supply chain analysis. The review is then presented and divided into three segments: 1) the development of game theory; 2) the use of Nash and Stackelberg solution concepts in analysing supply chain management; 3) the integration of game theory to different supply chain structures, decisions, and present conditions. Moreover, descriptive analytics are also provided to highlight the distribution of trending topics in the domain field. Finally, the paper provides a summary of the review and recommendation for future works in line with using game theory for supply chain analysis.
... Their results suggest that the contractors can obtain higher profits due to cooperating through sharing resources. A cooperative game theory was used by Naseri and Hafezalkotob (2016) to demonstrate pricing decisions and allocation of benefits in a cooperative network flow and by Hafezalkotob et al. (2017b) for a vehicle routing problem in a competitive environment. Moreover, Xu and Beamon (2006) looked into a coordination mechanism for different supply chains in different scenarios and environments. ...
As game theory continues to be a relevant approach in evaluating supply chain coordination and competition, this paper explores the various applications and current trends of game theory to supply chain management through an exhaustive review on the literature. This work reviews more than 200 papers which cover several supply chain formations, structures, environments, and decisions together with different game theoretic concepts and applications. First, the paper elaborates on the basic concepts of Nash and Stackelberg games to allow further understanding of their applications in supply chain analysis. The review is then presented and divided into three segments: 1) the development of game theory; 2) the use of Nash and Stackelberg solution concepts in analysing supply chain management; 3) the integration of game theory to different supply chain structures, decisions, and present conditions. Moreover, descriptive analytics are also provided to highlight the distribution of trending topics in the domain field. Finally, the paper provides a summary of the review and recommendation for future works in line with using game theory for supply chain analysis.
... Their results suggest that the contractors can obtain higher profits due to cooperating through sharing resources. A cooperative game theory was used by Naseri and Hafezalkotob (2016) to demonstrate pricing decisions and allocation of benefits in a cooperative network flow and by Hafezalkotob et al. (2017b) for a vehicle routing problem in a competitive environment. Moreover, Xu and Beamon (2006) looked into a coordination mechanism for different supply chains in different scenarios and environments. ...
The complexity of current supply chains has pushed for the integration of the different methods in addressing supplier selection problems. This paper reviews different methods of supplier selection from 2006 to 2016 in order to streamline the recent approaches and techniques used, identify emerging themes in domain literature, and compare the strengths and weaknesses of these approaches. Supplier selection approaches were classified into (1) individual approaches, (2) integrated approaches, and (3) emerging approaches. Individual approaches were categorized into multi-criteria decision-making, mathematical programming, artificial intelligence, fuzzy decision-making, and statistical models. Integrated approaches to these individual methods have also been investigated in detail. The third category, which is the emerging approaches, pertains to novel methodologies addressing certain supplier selection themes that have not yet been well-studied. Findings show that the emerging themes in supplier selection problems include uncertain environment, risks, and sustainability. Popular approaches include multi-criteria decision-making, fuzzy decision-making, and mathematical programming.
Production costs in general, and workforce and inventory costs in particular, constitute a large fraction of the operating costs of many manufacturing plants. We introduce cooperative aggregate production planning as a way to decrease these costs. That is, when production planning of two or more facilities (plants) is integrated, they can interchange workforce and products inventory; thus, their product demands can be satisfied at lower cost. This paper quantifies the cost saving and synergy of different coalitions of production plants by a new linear model for cooperative aggregate planning problem. The developed approach is explicated with a numerical example in which inventory and workforce levels of different coalitions of facilities are evaluated. Afterward, a key question would be how the cost saving of a coalition should be divided among members. We tackle the problem using different methods of cooperative game theory. These methods are implemented in the numerical example to gain an insight into properties of the corresponding game results.
