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Journal of Business Economics

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01.10.2014 | Original Paper

Centralized inventory in a farming community

verfasst von: M. G. Fiestras-Janeiro, I. García-Jurado, A. Meca, M. A. Mosquera

Erschienen in: Journal of Business Economics | Ausgabe 7/2014

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Abstract

A centralized inventory problem is a situation in which several agents face individual inventory problems and make an agreement to coordinate their orders with the objective of reducing costs. In this paper we identify a centralized inventory problem arising in a farming community in northwestern Spain, model the problem using two alternative approaches, find the optimal inventory policies for both models, and propose allocation rules for sharing the optimal costs in this context.

Vorheriger Artikel The influence of mutations: an evolutionary inspection game with three strategic actors

Nächster Artikel A coordination mechanism with fair cost allocation for divergent multi-echelon inventory systems

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Journal of Business Economics

From January 2013, the Zeitschrift für Betriebswirtschaft (ZfB) is published in English under the title Journal of Business Economics (JBE). The Journal of Business Economics (JBE) aims at encouraging theoretical and applied research in the field of business economics and business administration, promoting the exchange of ideas between science and practice.

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In this paper we assume that the waiting time since an order is posed until it is received is deterministic, in which case it can be assumed to be zero. The deterministic nature of waiting times in this problem is realistic. In principle, the supplier guarantees to serve the orders the next day after they are posed.

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Fiestras-Janeiro MG, García-Jurado I, Meca A, Mosquera MA (2012b) Cost allocation in inventory transportation systems. Top 20:397–410CrossRef

Fiestras-Janeiro MG, García-Jurado I, Mosquera MA (2011) Cooperative games and cost allocation problems. Top 19:1–22CrossRef

González-Díaz J, García-Jurado I, Fiestras-Janeiro MG (2010) An introductory course on mathematical game theory. Graduate Studies in Mathematics, vol 115. American Mathematical Society

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Nagarajan M, So\(\breve{\rm s}\)ić G (2008) Game-theoretic analysis of cooperation among supply chain agents: review and extensions. Eur J Oper Res 187:719–745

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Titel: Centralized inventory in a farming community
verfasst von: M. G. Fiestras-Janeiro
I. García-Jurado
A. Meca
M. A. Mosquera
Publikationsdatum: 01.10.2014
Verlag: Springer Berlin Heidelberg
Erschienen in: Journal of Business Economics / Ausgabe 7/2014
Print ISSN: 0044-2372
Elektronische ISSN: 1861-8928
DOI: https://doi.org/10.1007/s11573-014-0710-z

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