Facultade de Fisioterapia

Centralized inventory in a farming community

Fiestras Janeiro, María Gloria; Mosquera Rodríguez, Manuel Alfredo; García-Jurado, I.; Meca, A.
Abstract:
A centralized inventory problem is a situation in which several agents face individual inventory problems and make an agreement to coordinate their orders with the objective of reducing costs. In this paper we identify a centralized inventory problem arising in a farming community in northwestern Spain, model the problem using two alternative approaches, find the optimal inventory policies for both models, and propose allocation rules for sharing the optimal costs in this context
Year:
2014
Type of Publication:
Article
Keywords:
centralized inventory; cooperative games; EOQ models; Shapley value; core
Journal:
Journal of Business Economics
Volume:
84
Pages:
983-997
Month:
October
DOI:
http://dx.doi.org/10.1007/s11573-014-0710-z
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