A supply chain network equilibrium model |
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Institution: | 1. Foisie School of Business, Worcester Polytechnic Institute, Worcester, MA 01609-2280, United States;2. Department of Operations and Information Management, School of Business, University of Connecticut, Storrs, CT 06269-2041, United States;3. Department of Operations and Information Management, Isenberg School of Management, University of Massachusetts, Amherst, MA 01003, United States |
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Abstract: | In this paper, an equilibrium model of a competitive supply chain network is developed. Such a model is sufficiently general to handle many decision-makers and their independent behaviors. The network structure of the supply chain is identified and equilibrium conditions are derived. A finite-dimensional variational inequality formulation is established. Qualitative properties of the equilibrium model and numerical examples are given. |
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