Economic lot-sizing games
In this paper we introduce a new class of OR games: economic lot-sizing (ELS) games. There are a number of retailers that have a known demand for a fixed number of periods. To satisfy demand the retailers order products at the same manufacturer. By placing joint orders instead of individual orders, costs can be reduced and a cooperative game arises. In this paper we show that ELS games are balanced. Furthermore, we show that two special classes of ELS games are concave.
|Keywords||Game Theory, Inventory, Lot-sizing, Production|
van den Heuvel, W., Borm, P.E.M., & Hamers, H.J.M.. (2004). Economic lot-sizing games (No. EI 2004-43). Report / Econometric Institute, Erasmus University Rotterdam. Retrieved from http://hdl.handle.net/1765/1796