Evaluating the impact of items and cooperation in inventory models with exemptable ordering costs

Fuente: arXiv
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Autores principales: Fiestras-Janeiro, M. Gloria, García-Jurado, Ignacio, Meca, Ana, Mosquera, Manuel A.
Formato: Preprint
Publicado: 2024
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author Fiestras-Janeiro, M. Gloria
García-Jurado, Ignacio
Meca, Ana
Mosquera, Manuel A.
author_facet Fiestras-Janeiro, M. Gloria
García-Jurado, Ignacio
Meca, Ana
Mosquera, Manuel A.
contents In this paper we introduce and analyse, from a game theoretical perspective, several multi-agent or multi-item continuous review inventory models in which the buyers are exempted from ordering costs if the price of their orders is greater than or equal to a certain amount. For all models we obtain the optimal ordering policy. We first analyse a simple model with one firm and one item. Then, we study a model with one firm and several items, for which we design a procedure based on cooperative game theory to evaluate the impact of each item on the total cost. Then, we deal with a model with several firms and one item for each firm, for which we characterise a rule to allocate the total cost among the firms in a coalitionally stable way. Finally, we discuss a model with several firms and several items, for which we characterise a rule to allocate the total cost among the firms in a coalitionally stable way and to evaluate the impact of each item on the cost that would be payable to each firm when using the allocation rule. All the concepts and results of this article are illustrated using data from a case study.
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id arxiv_https___arxiv_org_abs_2402_06545
institution arXiv
publishDate 2024
record_format arxiv
spellingShingle Evaluating the impact of items and cooperation in inventory models with exemptable ordering costs
Fiestras-Janeiro, M. Gloria
García-Jurado, Ignacio
Meca, Ana
Mosquera, Manuel A.
Computer Science and Game Theory
Optimization and Control
In this paper we introduce and analyse, from a game theoretical perspective, several multi-agent or multi-item continuous review inventory models in which the buyers are exempted from ordering costs if the price of their orders is greater than or equal to a certain amount. For all models we obtain the optimal ordering policy. We first analyse a simple model with one firm and one item. Then, we study a model with one firm and several items, for which we design a procedure based on cooperative game theory to evaluate the impact of each item on the total cost. Then, we deal with a model with several firms and one item for each firm, for which we characterise a rule to allocate the total cost among the firms in a coalitionally stable way. Finally, we discuss a model with several firms and several items, for which we characterise a rule to allocate the total cost among the firms in a coalitionally stable way and to evaluate the impact of each item on the cost that would be payable to each firm when using the allocation rule. All the concepts and results of this article are illustrated using data from a case study.
title Evaluating the impact of items and cooperation in inventory models with exemptable ordering costs
topic Computer Science and Game Theory
Optimization and Control
url https://arxiv.org/abs/2402.06545