Publication: Relief aid stocking decisions under bilateral agency cooperation
Program
KU Authors
Co-Authors
Elmaghraby, Wedad
Publication Date
Language
Type
Embargo Status
Journal Title
Journal ISSN
Volume Title
Alternative Title
Evaluation of the legal regulation on prevention against violence in health, DatedApril 2020
Abstract
We aim to quantify the benefits of cooperation between humanitarian relief agencies in terms of stocking decisions. We consider two agencies that stock the same type of relief item at different locations prone to individual disaster risks and agree to transship the shortage amount from available stocks in case of a disaster. We incorporate the disaster risk to the Newsvendor model by conditioning the stock quantity decisions on the event that a major disaster occurs within the lifetime of the stocked relief item. We optimize the stock quantity for each agency in response to the other's quantity and compute a Nash Equilibrium solution numerically. We apply this game theoretic approach to the case of earthquake preparedness in Istanbul to optimize the stocking decisions of an agency for shelter units in cooperation with another agency. We investigate the characteristics of the solutions under various parameter settings and identify cases in which cooperation may be beneficial to one or both of the agencies.
Source
Publisher
Elsevier Science Inc
Subject
Economics, Management, Operations research, Management science
Citation
Has Part
Source
Socio-Economic Planning Sciences
Book Series Title
Edition
DOI
10.1016/j.seps.2018.10.009