Transportation Research Part E: Logistics and Transportation Review
We develop a game theory model for supply chain network competition in time-sensitive markets in which consumers respond to the average delivery time associated with the various firms’ products. The firms’ behavior is captured, along with the supply chain network topologies, with the governing equilibrium concept being that of Nash equilibrium. We derive the variational inequality formulation of the equilibrium conditions and provide illustrative examples. We also identify special cases for distinct applications. An algorithm is proposed, and the framework further illustrated through a case study in which we explore varying sensitivities to the average time delivery with interesting results.
Author Supplied Keywords
Supply chains, Logistics, Networks, Time-based competition, Game theory, Freight services, Delay tolerant networks, Information asymmetry, Variational inequalities
Game Theory; Supply Chain Management; Transportation Management; Transportation Problem (Operations Research)
Citation: Pilot Scholars Version (Modified MLA Style)
Nagurney, Anna; Yu, Min; Floden, Jonas; and Nagurney, Ladimer S., "Supply Chain Network Competition in Time-Sensitive Markets" (2014). Business Faculty Publications and Presentations. Paper 24.
Available for download on Saturday, July 01, 2017