Evolutionary stability of a manufacturer-buyer VMI conduced supply chain

Fidel Torres; Cesar Enrique Garcia Diaz; Naly Rakoto-Ravalontsalama

Evolutionary stability of a manufacturer-buyer VMI conduced supply chain

Fidel Torres
, Cesar Enrique Garcia Diaz
, Naly Rakoto-Ravalontsalama

Department of Business

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

Abstract

The strategy of integration known as VMI (Vendor-Managed Inventory) allows the coordination of inventory policies between producers and buyers in supply chains. Based on a new proposed model for the implementation of VMI in a chain of two links composed of a producer and a buyer, this paper studies the evolution of individual strategies of the producer and the buyer by a formalism derived from the theory of evolutionary games. The conditions that determine the stability of evolutionarily stable strategies are derived and analyzed. Work results specify analytical conditions that favor the implementation of VMI on traditional chains without VMI.

Original language	English
Title of host publication	Proceedings of the 24th Annual Production and Operations Management Conference, POMS 2013, Denver, Colorado
Pages	1-11
State	Published - 2013

Keywords

Supply chain coordination
game theory
dynamic systems stability

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https://www.pomsmeetings.org/ConfPapers/043/043-0074.pdfLicense: Unspecified

Cite this

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title = "Evolutionary stability of a manufacturer-buyer VMI conduced supply chain",

abstract = "The strategy of integration known as VMI (Vendor-Managed Inventory) allows the coordination of inventory policies between producers and buyers in supply chains. Based on a new proposed model for the implementation of VMI in a chain of two links composed of a producer and a buyer, this paper studies the evolution of individual strategies of the producer and the buyer by a formalism derived from the theory of evolutionary games. The conditions that determine the stability of evolutionarily stable strategies are derived and analyzed. Work results specify analytical conditions that favor the implementation of VMI on traditional chains without VMI.",

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AU - Garcia Diaz, Cesar Enrique

AU - Rakoto-Ravalontsalama, Naly

PY - 2013

Y1 - 2013

N2 - The strategy of integration known as VMI (Vendor-Managed Inventory) allows the coordination of inventory policies between producers and buyers in supply chains. Based on a new proposed model for the implementation of VMI in a chain of two links composed of a producer and a buyer, this paper studies the evolution of individual strategies of the producer and the buyer by a formalism derived from the theory of evolutionary games. The conditions that determine the stability of evolutionarily stable strategies are derived and analyzed. Work results specify analytical conditions that favor the implementation of VMI on traditional chains without VMI.

AB - The strategy of integration known as VMI (Vendor-Managed Inventory) allows the coordination of inventory policies between producers and buyers in supply chains. Based on a new proposed model for the implementation of VMI in a chain of two links composed of a producer and a buyer, this paper studies the evolution of individual strategies of the producer and the buyer by a formalism derived from the theory of evolutionary games. The conditions that determine the stability of evolutionarily stable strategies are derived and analyzed. Work results specify analytical conditions that favor the implementation of VMI on traditional chains without VMI.

KW - Supply chain coordination

KW - game theory

KW - dynamic systems stability

M3 - Conference contribution

SP - 1

EP - 11

BT - Proceedings of the 24th Annual Production and Operations Management Conference, POMS 2013, Denver, Colorado

ER -

Evolutionary stability of a manufacturer-buyer VMI conduced supply chain

Abstract

Keywords

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