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Research on Price Wars in Supply Chain Networks Based on Multistage Evolutionary Prisoner’s Dilemma Game
Joint Authors
Source
Mathematical Problems in Engineering
Issue
Vol. 2019, Issue 2019 (31 Dec. 2019), pp.1-15, 15 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2019-11-11
Country of Publication
Egypt
No. of Pages
15
Main Subjects
Abstract EN
In this paper, we extend price wars to supply chain networks (SCNs), focusing on how price wars affect the performance of SCNs and how to contain a price war.
We propose a computational model in which the price competition is modelled as a multistage evolutionary prisoner’s dilemma game between business-related neighbors in each stage of the SCN, and the temptation to defect of the prisoner’s dilemma game is modelled as a function of the quotation price, which couples the price competition and the dynamic of the SCN.
It is found that the price defectors’ exposure rate is the key factor causing price war of the SCN, and only a large proportion of firms in a closely related industry join the price alliance, and the price war in the SCN can be contained effectively.
American Psychological Association (APA)
Xu, Xiangbin& Zhou, Ermin. 2019. Research on Price Wars in Supply Chain Networks Based on Multistage Evolutionary Prisoner’s Dilemma Game. Mathematical Problems in Engineering،Vol. 2019, no. 2019, pp.1-15.
https://search.emarefa.net/detail/BIM-1195964
Modern Language Association (MLA)
Xu, Xiangbin& Zhou, Ermin. Research on Price Wars in Supply Chain Networks Based on Multistage Evolutionary Prisoner’s Dilemma Game. Mathematical Problems in Engineering No. 2019 (2019), pp.1-15.
https://search.emarefa.net/detail/BIM-1195964
American Medical Association (AMA)
Xu, Xiangbin& Zhou, Ermin. Research on Price Wars in Supply Chain Networks Based on Multistage Evolutionary Prisoner’s Dilemma Game. Mathematical Problems in Engineering. 2019. Vol. 2019, no. 2019, pp.1-15.
https://search.emarefa.net/detail/BIM-1195964
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1195964