A Stackelberg Equilibrium Model for Supply Chain Inventory Managemen

Yeong-Cheng Liou, Siegfried Schaible and Jen-Chih Yao
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Yeong-Cheng Liou: Cheng Shiu University
Siegfried Schaible: University of California
Jen-Chih Yao: National Sun Yat-sen University

A chapter in Perspectives on Operations Research, 2006, pp 319-337 from Springer

Abstract: Abstract In this paper we consider one-buyer, one-seller, finite horizon, multi-period inventory models in which the economic order quantity is integrated with the economic production quantity (EOQ-EPQ in short). We introduce the Stackelberg equilibrium framework in which the objective is to maximize the vendor’s total benefit subject to the minimum total cost that the buyer is willing to incur. Some existence results, optimality conditions and the optimal replenishment policy under the Stackelberg equilibrium concept are obtained and a numerical algorithm is presented to find the optimal replenishment policy in practice.

Keywords: Inventory models; Stackelberg equilibrium; economic order quantity-economic production quantity (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-8350-9064-4_18

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DOI: 10.1007/978-3-8350-9064-4_18

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