Applying a one-shot and infinite repeated inspection game to materials management

Günter Fandel () and Jan Trockel ()

Central European Journal of Operations Research, 2013, vol. 21, issue 2, 495-506

Abstract: An inspection game models a conflict situation between an inspector and an inspectee. The mathematical analysis aims to determine optimal behaviour of the inspectee. In this paper, the controller’s (inspector) job is to audit a planner’s (inspectee) decision with regard to its optimality and to submit a report to the company’s top managers. Based on Fandel and Trockel (Int J Prod Econ 133:256–261, 2011 ) this inspection game is discussed here as an infinite two-person game under the aspect of costs minimization. The results show that a higher costs deviation because of a competitive behaviour of the strategic players will decrease their payoffs, so that the optimal cooperative behaviour will finally lead to a better solution for the company with respect to cost minimization as normally expected. Copyright Springer-Verlag 2013

Keywords: Application of game theory; Auditing; Inspection game (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1007/s10100-012-0244-9 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:cejnor:v:21:y:2013:i:2:p:495-506

Ordering information: This journal article can be ordered from
http://www.springer. ... search/journal/10100

DOI: 10.1007/s10100-012-0244-9

Access Statistics for this article

Central European Journal of Operations Research is currently edited by Ulrike Leopold-Wildburger

More articles in Central European Journal of Operations Research from Springer, Slovak Society for Operations Research, Hungarian Operational Research Society, Czech Society for Operations Research, Österr. Gesellschaft für Operations Research (ÖGOR), Slovenian Society Informatika - Section for Operational Research, Croatian Operational Research Society
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().