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The Impact of the Game Theory in Supply Chain Management

Geisler, Moana (2014) The Impact of the Game Theory in Supply Chain Management.

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Abstract:In the progress of time purchasing and supply chain management evolved into an inherent part of every company and represent an important possibility to increase the company’s performance and competitive advantage. It is embedded in the corporate processes and contains the transformation from raw materials to final products. Parallel to the development of the supply chain management numerous theories evolved which facilitate managerial processes and support company performances like the social capital theory, transaction cost economics or the resource based view. The aim of this paper is to introduce the game theory, connect it to the supply chain management and analyse the added value the combination generates. Next to the origin of the history this literature review illustrates main variables, assumptions and statements. It also includes a categorisation of the game theory into the life-cycle approach developed by Vos and Schiele (2014). With the outlined knowledge basis the game theory will be used to analyse its influence in the four major decision point of supply chain management: make or buy decision, sourcing strategies, supplier selection and contracting. Evolving from these finding a matrix is developed that outlines key competences of the game theory in regard to the four decision points.
Item Type:Essay (Bachelor)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:83 economics, 85 business administration, organizational science
Programme:International Business Administration BSc (50952)
Link to this item:http://purl.utwente.nl/essays/65253
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