Frontmatter -- Acknowledgments -- About the Author -- Foreword -- Contents -- Introduction -- 1 Inventory Policies -- 2 How Much Should I Order? -- 3 When Should I Order? -- 4 Safety Stocks -- 5 Inventory Policies -- 6 Stochastic Lead Times -- 7 Fill Rate -- 8 Cost and Service Level Optimization...

Quantal Response Equilibrium presents a stochastic theory of games that unites probabilistic choice models developed in psychology and statistics with the Nash equilibrium approach of classical game theory. Nash equilibrium assumes precise and perfect decision making in games, but human behavior...