We study a newsvendor game with transshipments, in which n retailers face a stochastic demand for an identical product. Before the demand is realized, each retailer independently orders her initial inventory. After the demand is realized, the retailers select an optimal transshipment pattern and...

The paper considers a production/distribution system that involves one vendor and multiple buyers. The buyers belong to an entity that is operationally more cost efficient than the vendor. We study two settings that have been widely applied in practice: vendor-managed inventory (VMI) and...

In distribution systems, excess stocks can be shared across different locations to fulfill unsatisfied demand. This raises many operations problems including inventory policies, transportation, partner selection and contracts. This paper reviews the up-to-date literature in inventory...

Behavioral studies have consistently reported the pull-to-center (PTC) effect observed in laboratory studies of the newsvendor problem. We examine whether this and some other observed effects can be reconciled under the general framework of prospect theory without special assumption on reference...

In Zavanella and Zanoni (2009) 'A one-vendor multi-buyer integrated production- inventory model: The ‘Consignment Stock’ Case,' a one-vendor multi-buyer model was established, based on which the cost of the vendor and buyers are derived. However, buyer’s total cost in Equation (2) does not...