Quantitative Models in Supply Chain Management

Quantitative Models in Supply Chain Management

Esmaeel Moradi (Oklahoma State University, USA), Mohammad Reza Ghezel Arsalan (University of Tehran, Iran), Ali Naimi Sadigh (Tarbiat Modares University, Iran) and Hamed Fallah Roshan Ghalb (Tarbiat Modares University, Iran)
DOI: 10.4018/978-1-61350-504-5.ch016
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Abstract

Moreover, a wide review given by Terzi and Cavalieri (2004) on more than 80 papers about simulation in the supply chain context is used in this chapter. The main goal of this review is to determine which objectives simulation is used to solve the problems, which simulation models are more appropriate and useful for supporting the decision making in the supply chain.
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Game Theory

Game theory is interested in the analysis of conditions that conflict and cooperation are involved. Since its development in the early 1940s game theory has found applications in various areas such as auctions, biology, business, economics, management- labor arbitration, philosophy, politics, sports and warfare. After the initial interests created by its potential applications, operations research/management science specialists more interested in game theory during the 1960s and the 1970s. However, interest of academics and practitioners on the management of supply chains was renewed in the last two decades and they emphasized on interactions among decision makers (“players”) composing a supply chain. The effects of this can be explicitly see in the fast growth of publication in various journals dealing with the use of game theory in the analysis of supply chain problems. This section is devoted to overview on game theory applications in different area of supply chain management (SCM).

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