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Applications of Game Theory in Operation Management and Information Systems

In: Game Theory and Business Applications

Author

Listed:
  • Lode Li

    (Cheung Kong Graduate School of Business
    Yale School of Management)

  • Seungjin Whang

    (Stanford University)

Abstract

In the past 20 years the Operations Management and Information Systems (OM/IS) fields have widely applied game theory these fields had previously been more focused on analyzing and improving the performance of a physical system (e.g., queueing or inventory systems) from the decision theoretic perspective. This chapter gives an overview of the existing OM/IS literature applying game theory. We focus on five topics: (i) time-based competition, (ii) priority pricing for a queueing system, (iii)manufacturing/marketing incentives, (iv) incentives for information sharing in a supply chain, and (v) distortion and alignment in a horizontal supply chain. On each topic, we review one or two works at some length and list other related works as references.

Suggested Citation

  • Lode Li & Seungjin Whang, 2014. "Applications of Game Theory in Operation Management and Information Systems," International Series in Operations Research & Management Science, in: Kalyan Chatterjee & William Samuelson (ed.), Game Theory and Business Applications, edition 2, chapter 0, pages 103-135, Springer.
    • Handle: RePEc:spr:isochp:978-1-4614-7095-3_5
    DOI: 10.1007/978-1-4614-7095-3_5
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