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Order Quantity Derivation Based on Risk Allocation in Production Planning

António Oliveira Nzinga René,Yuki Taguchi Nobuyuki Ueno-2015-01-01
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TL;DRAbstract

Consistent decisions contribute successfully to high profits for a company or an institution. In this paper, we employ linear programming (LP) approach within the cooperative game theory framework to get information regarding order quantity based on risk allocation and the correspondence between production planning and game theory. In addition, a numerical illustration precedes a discussion of the strengths and drawbacks of our LP scheme.

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Consistent decisions contribute successfully to high profits for a company or an institution. In this paper, we employ linear programming (LP) approach within the cooperative game theory framework to get information regarding order quantity based on risk allocation and the correspondence between production planning and game theory. In addition, a numerical illustration precedes a discussion of the strengths and drawbacks of our LP scheme.

Keywords

Production (economics)Order (exchange)Game theoryProduction planningLinear programmingInstitutionScheme (mathematics)Computer science

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