Inventory Competition in a Multi-channel Distribution System
The issue of buyer-seller relationship in supply-chain management research is increasingly becoming critical. Global competition and maturing domestic markets have driven supply-chain members to re-assess their distribution techniques to remain competitive in the market. Firms need inventory replenishment systems that enhance customer service and reduce inventory costs as well. Considering a supply chain involving a manufacturer and an independent retailer, the manufacturer distributes her product to the end consumer through the independent retailer as well as through her direct channel. With the tools of a game theoretic model, the necessary conditions for a manufacturer are established to undercut a retailers order and it shows that a manufacturer may deny the retailer of inventory even when the capacity is ample. It shows that there can be an equilibrium in the capacitated game where a manufacturer might not use the entire capacity and still deny a retailer inventory. Further, the related inventory problems from multi-stage inventory models and the fields of reverse logistics are discussed. Finally, with issues for future research and a synthesis of available supply chain management, the instructional direction for relaxing some of the involved assumptions in this paper is proposed.
Inventory Competition Distribution System Game Theory
Xiao Zelei Liu Hong Li Bangyi
School of Economy and Management, Wuhan Polytechnic University, Wuhan, P.R.China, 430023;School of E School of Economy and Management, Wuhan Polytechnic University, Wuhan, P.R.China, 430023 School of Economy and Management, Nanjing University of Aeronautics and Astronautics, Nanjing,P.R.Ch
国际会议
郑州
英文
2008-09-20（万方平台首次上网日期，不代表论文的发表时间）