Production Planning, Oligopoly and Supply Chains

Terry L. Friesz ()
Additional contact information
Terry L. Friesz: Pennsylvania State University

Chapter Chapter 8 in Dynamic Optimization and Differential Games, 2010, pp 353-409 from Springer

Abstract: Abstract In this chapter we develop models that describe how prices, production rates and distribution activities evolve over time and influence one another for three output market structures: 1. perfect competition 2. monopoly, and 3. oligopoly. In particular, we apply the material from previous chapters to the modeling and computation of production, distribution, and supply chain decisions made by firms operating within the three competitive environments mentioned above. Throughout this chapter our perspective is deterministic, and the dynamic games considered are open loop in nature with perfect initial information.We begin with aspatial models and move to models with explicit network path flows. We shall deal exclusively with finite terminal times and see that policies near the terminal time are of great importance to the lifetime profitability of firms. One of our goals will be to study how policies on inventory remaining at the terminal time as will as the value of such residual inventories when liquidated can influence operations throughout a firm’s history.

Keywords: Supply Chain; Variational Inequality; Production Planning; Terminal Time; Adjoint Variable (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:isochp:978-0-387-72778-3_8

Ordering information: This item can be ordered from
http://www.springer.com/9780387727783

DOI: 10.1007/978-0-387-72778-3_8

Access Statistics for this chapter

More chapters in International Series in Operations Research & Management Science from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().