The Price of Anarchy in Supply Chain Networks: Quantifying the Efficiency Loss of Network Equilibria

For the seminal model proposed by Nagurney, Dong and Zhang [1], we directly apply optimization theory and game theory to analyze equilibrium conditions for the decentralized and centralized supply chain network, without applying variational inequality theory. Then after, the price of anarchy (PoA) in supply chain network is defined and numerically analyzed. Sensitivity analysis shows diversified propositions.

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Published
2024-08-23
DOI
https://doi.org/10.1145/3695652.3695716
Primary Topic
Game Theory and Applications
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article
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article

The Price of Anarchy in Supply Chain Networks: Quantifying the Efficiency Loss of Network Equilibria

Heyin Hou
Game Theory and Applications
article

The Price of Anarchy in Supply Chain Networks: Quantifying the Efficiency Loss of Network Equilibria

Heyin Hou
article en

Abstract

For the seminal model proposed by Nagurney, Dong and Zhang [1], we directly apply optimization theory and game theory to analyze equilibrium conditions for the decentralized and centralized supply chain network, without applying variational inequality theory. Then after, the price of anarchy (PoA) in supply chain network is defined and numerically analyzed. Sensitivity analysis shows diversified propositions.

Southeast University (CN)
Openalex Percentile: Top 78%
Game Theory and Applications
DOISourceOpenAlex
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The Price of Anarchy in Supply Chain Networks: Quantifying the Efficiency Loss of Network Equilibria — Heyin Hou · (2024) | TGRS Research Map | TGRS