Title :
Deteriorating items sale and order game for single supplier and multiple retailers under trade credit
Author :
Tao Liu ; Bang-yi Li ; Qing-chun Wu
Author_Institution :
Nanjing Univ. of Aeronaut. & Astronaut., Nanjing
Abstract :
Many of exiting EOQ models consider to decide the optimal order quantity and cycle under trade credit tactic, Which seldom consider how to make supplierpsilas trade credit strategy. Moreover, those studies often emphasized on relationship and coordination between single vendor-buyer, which neglected the competition among retailers. This paper proposes Stackelberg game model to get the deteriorating items optimal trade credit tactic as well as ordering policy subject to single vendor and multiple retailers supply chain under end demand is price linear function. Simultaneously, competition within retailers is modeled as Nash game. Finally numerical examples are shown to illustrate the results in the paper.
Keywords :
commerce; customer relationship management; game theory; Nash game; Stackelberg game model; order game; retailing; trade credit; vendor-buyer relationship; Educational institutions; Integrated circuit modeling; Marketing and sales; Supply chains; Deteriorating Items; Nash Game; Stackelberg Game; Trade credit;
Conference_Titel :
Control and Decision Conference, 2008. CCDC 2008. Chinese
Conference_Location :
Yantai, Shandong
Print_ISBN :
978-1-4244-1733-9
Electronic_ISBN :
978-1-4244-1734-6
DOI :
10.1109/CCDC.2008.4597502