4.7 Article

A supply chain network equilibrium model

Publisher

PERGAMON-ELSEVIER SCIENCE LTD
DOI: 10.1016/S1366-5545(01)00020-5

Keywords

supply chains; networks; equilibrium; variational inequalities; decentralized decision-making

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In this paper, an equilibrium model of a competitive supply chain network is developed. Such a model is sufficiently general to handle many decision-makers and their independent behaviors. The network structure of the supply chain is identified and equilibrium conditions are derived. A finite-dimensional variational inequality formulation is established. Qualitative properties of the equilibrium model and numerical examples are given. (C) 2002 Elsevier Science Ltd. All rights reserved.

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