Title: Order Quantity Derivation Based on Risk Allocation in Production Planning

Year of Publication: Jul - 2015
Page Numbers: 202-208
Authors: Antonio O. N. Rene, Nobuyuki Ueno, Yuki Taguchi, Koji Okuhara
Conference Name: The Fourth International Conference on Informatics & Applications (ICIA2015)
- Japan

Abstract:


Consistent decisions contribute successfully to high profits for a company or an institution. In this paper, we employ linear programming (LP) approach within the cooperative game theory framework to get information regarding order quantity based on risk allocation and the correspondence between production planning and game theory. In addition, a numerical illustration precedes a discussion of the strengths and drawbacks of our LP scheme.