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Contracting with suppliers prone to default is an increasingly common problem in some industries, particularly … automotive manufacturing. We model this phenomenon as a two-period contracting game with two identical suppliers, a single buyer …
Persistent link: https://www.econbiz.de/10009218577
The allocation of inventory ownership affects the inventory availability in a supply chain, which in turn determines the supply chain performance. In this paper, we consider a supplier-retailer supply chain in which the supplier starts production well in advance of the selling season, and the...
Persistent link: https://www.econbiz.de/10009218660
Decentralized organizations may incur inefficiencies because of scheduling issues associated with competition among decision makers (DMs) for limited resources. We analyze the decentralization cost (DC), i.e., the ratio between the Nash equilibrium cost and the cost attained at the centralized...
Persistent link: https://www.econbiz.de/10009218828
We develop a finite-horizon discrete-time constrained Markov decision process (MDP) to model diagnostic decisions after mammography where we maximize the total expected quality-adjusted life years (QALYs) of a patient under resource constraints. We use clinical data to estimate the parameters of...
Persistent link: https://www.econbiz.de/10010630517