Back to Search
Start Over
A game-theoretical approach for modeling competitions in a maritime supply chain.
- Source :
-
Maritime Policy & Management . Nov/Dec2016, Vol. 43 Issue 8, p976-991. 16p. - Publication Year :
- 2016
-
Abstract
- To accommodate the structural changes in logistics, competitions along a maritime supply chain are more intensive than before. This paper adopts a two-stage noncooperative game-theoretical approach to model the horizontal and vertical interactions among liners and ports. In the first stage, Bertrand game is applied to model the interactions between two liners. When the shipping line decides which port to call, a multinomial Logit model is applied. In the second stage, Bertrand game is applied to model the competitions between two ports. Nash equilibrium is derived by solving the Bertrand games. A numerical example is provided as a case study. [ABSTRACT FROM AUTHOR]
- Subjects :
- *SUPPLY chains
*LOGISTICS
*ECONOMIC competition
*LOGITS
*NASH equilibrium
Subjects
Details
- Language :
- English
- ISSN :
- 03088839
- Volume :
- 43
- Issue :
- 8
- Database :
- Academic Search Index
- Journal :
- Maritime Policy & Management
- Publication Type :
- Academic Journal
- Accession number :
- 119208698
- Full Text :
- https://doi.org/10.1080/03088839.2016.1231427