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Implementation of F.W. Lanchester’s combat model in a supply chain in duopoly: the case of Coca-Cola and Pepsi in Greece

Author

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  • Miltiadis Chalikias

    (Piraeus University of Applied Sciences (T.E.I. of Piraeus))

  • Michalis Skordoulis

    (Piraeus University of Applied Sciences (T.E.I. of Piraeus))

Abstract

The purpose of this study is to investigate the possibility of applying some of the most widely known mathematical theories of war in the case of firms. In this research, Frederick William Lanchester’s combat models, that seemed to be particularly useful to the U.S. Army at the Pacific campaign against the Japanese fleet during World War II, were examined. These mathematical models were based on differential equations and their main purpose was to predict the outcome of battles. After the appropriate theoretical assumptions were set, the examined models were applied to the case of Coca-Cola™ and Pepsi™ supply chains in the Greek market. These models have been applied to these firms by other researchers too. The results of the implementations have led to the conclusion that the theoretical models are almost identical to the reality, which means that they are applicable in business under the right conditions.

Suggested Citation

  • Miltiadis Chalikias & Michalis Skordoulis, 2017. "Implementation of F.W. Lanchester’s combat model in a supply chain in duopoly: the case of Coca-Cola and Pepsi in Greece," Operational Research, Springer, vol. 17(3), pages 737-745, October.
    • Handle: RePEc:spr:operea:v:17:y:2017:i:3:d:10.1007_s12351-016-0226-0
    DOI: 10.1007/s12351-016-0226-0
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    References listed on IDEAS

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    1. Wang, Qinan & Wu, Zhang, 2001. "A duopolistic model of dynamic competitive advertising," European Journal of Operational Research, Elsevier, vol. 128(1), pages 213-226, January.
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    4. Gila E. Fruchter & Shlomo Kalish, 1997. "Closed-Loop Advertising Strategies in a Duopoly," Management Science, INFORMS, vol. 43(1), pages 54-63, January.
    5. Jerome Bracken, 1995. "Lanchester models of the ardennes campaign," Naval Research Logistics (NRL), John Wiley & Sons, vol. 42(4), pages 559-577, June.
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    Cited by:

    1. Petros Kalantonis & Sotiria Schoina & Spyros Missiakoulis & Constantin Zopounidis, 2020. "The Impact of the Disclosed R & D Expenditure on the Value Relevance of the Accounting Information: Evidence from Greek Listed Firms," Mathematics, MDPI, vol. 8(5), pages 1-18, May.
    2. Anelí Bongers & José L. Torres, 2021. "A bottleneck combat model: an application to the Battle of Thermopylae," Operational Research, Springer, vol. 21(4), pages 2859-2877, December.
    3. Pietro De Giovanni, 2019. "Digital Supply Chain through Dynamic Inventory and Smart Contracts," Mathematics, MDPI, vol. 7(12), pages 1-25, December.

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