Setting the right incentives for global planning and operations

Name: Setting the right incentives for global planning and operations
Author: Norde, H., Özen, Ulaş, Slikker, M.

İsim	Setting the right incentives for global planning and operations
Yazar	Norde, H., Özen, Ulaş, Slikker, M.
Basım Tarihi:	2016-09-01
Basım Yeri	- Elsevier
Konu	Game theory, Incentive management, Information asymmetry, Production systems
Tür	Süreli Yayın
Dil	İngilizce
Dijital	Evet
Yazma	Hayır
Kütüphane:	Özyeğin Üniversitesi
Demirbaş Numarası	0377-2217
Kayıt Numarası	ad881d6c-7308-4792-a61f-1532b48cf0c3
Lokasyon	Management Information Systems
Tarih	2016-09-01
Notlar	Industrial Development Agency
Örnek Metin	We study incentive issues seen in a firm performing global planning and manufacturing, and local demand management. The stochastic demands in local markets are best observed by the regional business units, and the firm relies on the business units' forecasts for planning of global manufacturing operations. We propose a class of performance evaluation schemes that induce the business units to reveal their private demand information truthfully by turning the business units' demand revelation game into a potential game with truth telling being a potential maximizer, an appealing refinement of Nash equilibrium. Moreover, these cooperative performance evaluation schemes satisfy several essential fairness notions. After analyzing the characteristics of several performance evaluation schemes in this class, we extend our analysis to include the impact of effort on demand.
DOI	10.1016/j.ejor.2016.02.029
Cilt	253

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Setting the right incentives for global planning and operations

Yazar Norde, H., Özen, Ulaş, Slikker, M.

Basım Tarihi 2016-09-01

Basım Yeri - Elsevier

Konu Game theory, Incentive management, Information asymmetry, Production systems

Tür Süreli Yayın

Dil İngilizce

Dijital Evet

Yazma Hayır

Kütüphane Özyeğin Üniversitesi

Demirbaş Numarası 0377-2217

Kayıt Numarası ad881d6c-7308-4792-a61f-1532b48cf0c3

Lokasyon Management Information Systems

Tarih 2016-09-01

Notlar Industrial Development Agency

Örnek Metin We study incentive issues seen in a firm performing global planning and manufacturing, and local demand management. The stochastic demands in local markets are best observed by the regional business units, and the firm relies on the business units' forecasts for planning of global manufacturing operations. We propose a class of performance evaluation schemes that induce the business units to reveal their private demand information truthfully by turning the business units' demand revelation game into a potential game with truth telling being a potential maximizer, an appealing refinement of Nash equilibrium. Moreover, these cooperative performance evaluation schemes satisfy several essential fairness notions. After analyzing the characteristics of several performance evaluation schemes in this class, we extend our analysis to include the impact of effort on demand.

DOI 10.1016/j.ejor.2016.02.029

Cilt 253