Game Theory in Supply
Game Theory in Supply has been successfully used for quite some timed now. The game theory has gained a lot of emphasis and has become a necessary tool for analyzing the supply chains with multiple agents whose objectives are different. Both cooperative and non-cooperative strategies are employed in dynamic and static settings.
There are various game strategies that are applied in the supply chains. Among them the most famous happens to be the prisoner’s dilemma. This strategy involves lots of moves and is a kind of non-cooperative game.
