Evolutionary Behavior of Supply Chains: Altruism or Fairness

DOI

10.2991/febm-16.2016.14How to use a DOI?

Keywords

evolutionary stable strategy; preference; fairness; altruism; selfishness

Abstract

Basing on the individual behavior preferences, we analyze the evolutionary stable strategies of supply chains, where each chain consists of one manufacturer and one retailer. There are many manufacturers and retailers in the economic system. A retailer and a manufacturer interact with each other randomly. A manufacturer or retailer has two behavioral preferences: fairness concern and altruism concern. We get the evolutionarily stable strategies under linear demand and nonlinear demand. By analyzing, the evolutionary stability of Nash equilibrium is distinct under different demand types. The evolutionarily stable strategies of the manufacturer and retailer depend on their preference parameters.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Caichun Chai
PY  - 2016/11
DA  - 2016/11
TI  - Evolutionary Behavior of Supply Chains: Altruism or Fairness
BT  - Proceedings of the First International Conference Economic and Business Management 2016
PB  - Atlantis Press
SP  - 83
EP  - 94
SN  - 2352-5428
UR  - https://doi.org/10.2991/febm-16.2016.14
DO  - 10.2991/febm-16.2016.14
ID  - Chai2016/11
ER  -