Inventory Games

CentER Discussion Paper Series No. 9953

Posted: 10 Mar 2000

See all articles by A. Meca

A. Meca

Miguel Hernandez University

Judith Timmer

University of Twente - Department of Applied Mathematics

I. García-Jurado

University of Santiago de Compostela

Peter Borm

Tilburg University - Center for Economic Research (CentER); Tilburg University - Department of Econometrics & Operations Research

Abstract

Inventory management studies how a single firm can minimize the average cost per time unit of its inventory. In this paper we extend this analysis to situations where a collective of firms minimizes its joint inventory cost by means of cooperation. Depending on the information revealed by the individual firms, we analyze related cooperative TU games and focus on proportional division mechanisms to share the joint cost.

JEL Classification: C71

Suggested Citation

Meca, A. and Timmer, Judith and García-Jurado, Ignacio and Borm, Peter E. M., Inventory Games. CentER Discussion Paper Series No. 9953, Available at SSRN: https://ssrn.com/abstract=200082

A. Meca

Miguel Hernandez University

Elche Campus, La Galia Building
Avda. del Ferrocarril, s/n Department of Statistics and Applied Mathematics
03202 Elche
Spain

Judith Timmer (Contact Author)

University of Twente - Department of Applied Mathematics ( email )

P.O. Box 217
7500 AE Enschede
Netherlands

Ignacio García-Jurado

University of Santiago de Compostela ( email )

15706, Santiago de Compostela
Spain

Peter E. M. Borm

Tilburg University - Center for Economic Research (CentER) ( email )

P.O. Box 90153
Tilburg, 5000 LE
Netherlands

Tilburg University - Department of Econometrics & Operations Research

Tilburg, 5000 LE
Netherlands

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