LSCM 6061 - Game Theory

3 hours

Drives students to learn game theory, agency theory and contract theory. The intent is to undertand how these theories are relevant to logistics and supply chain management (LSCM). Once the students have an appreciation for the theory, the course then focuses on how these theories are instantiated into mathematical models. Articles from top-tier LSCM journal provide the basis to illustrate how theory and mathematical modeling is woven together to create publishable manuscripts. Students use analytical tools such as Matlab and SPSS to replicate and solve the models described in the journal articles. The overall pedagogical approach is that of discovery learning, learning by doing, and learning through discussion and debate.

Prerequisite(s): None.