We study a situation with n retailers, each of them facing a news-vendor problem, i.e., selling to customers over a finite period of time (product with a short life cycle, such as fashion). Groups of retailers might improve their expected joint profit by cooperating. We analyze these situations by defining a cooperative game, called a general news-vendor game, for such a situation with n retailers. We concentrate on whether it makes sense to cooperate by studying properties of general news-vendor games. Besides some results on convexity we prove that general newsvendor games have non-empty cores, which answers an open question of Hartman et al. (2000).
|Place of Publication||Eindhoven|
|Publisher||Technische Universiteit Eindhoven|
|Publication status||Published - 2001|
|Name||BETA publicatie : working papers|