Journal
CENTRAL EUROPEAN JOURNAL OF OPERATIONS RESEARCH
Volume 24, Issue 2, Pages 267-281Publisher
SPRINGER
DOI: 10.1007/s10100-015-0423-6
Keywords
Supply chain; Game theory; Allocation; Cooperation; Non-cooperation
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Funding
- Grant Agency of the Czech Republic [13-07350S]
- Faculty of Informatics and Statistics, University of Economics, Prague [IGA F4/19/2013]
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The paper considers a supply chain where a number of agents are connected in some network relationship. Game theory is a very powerful framework for studying decision making problems, involving a group of agents in a supply chain. Allocation games examine the allocation of value among agents connected by a network. The ongoing actions in the supply chain are a mix of cooperative and non-cooperative behavior of the participants. The paper proposes a two-stage procedure for profit allocation based on combination of non-cooperative and cooperative game approaches. In the first stage, retailers meet customer price-dependent stochastic demand and seek to maximize total profit from the sale. Retailers are trying to align goals with producers on a contract basis and share the total profit with them. In the second stage, the cooperating producers allocate individual profits.
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