scholarly journals Application of game theory to analyze the competition and cooperation scenarios among container terminals in Northern Vietnam

2020 ◽  
Vol 36 (1) ◽  
pp. 13-19
Author(s):  
Minh Duc Nguyen ◽  
S. June Kim
Keyword(s):  
Game Theory ◽  
Container Terminals ◽  
Northern Vietnam ◽  
Competition And Cooperation

Book Reviews

2013 ◽  
Vol 51 (1) ◽  
pp. 192-193
Keyword(s):  
Game Theory ◽  
Strategic Thinking ◽  
Harvard University ◽  
University Of Pennsylvania ◽  
Competition And Cooperation ◽  
Individual Decisions ◽  
University Course ◽  
Group Agreement

Cade Massey of University of Pennsylvania reviews, “Schelling's Game Theory: How to Make Decisions” by Robert V. Dodge. The EconLit abstract of this book begins: “Explores Thomas Schelling's contributions to the field of rational strategic analysis and game theory, focusing on content from his Harvard University course on rational choice, bargaining, and strategy. Focuses on the Schelling approach to strategic thinking and decision making; strategies and tactics; models as metaphors for what decisions do; the prisoner's dilemma, competition, and cooperation; individual decisions and group agreement; decisions that mix and sort populations and decisions based on randomization; and a case study of the Cuban Missile crisis. Dodge is retired from teaching social studies at the Singapore American School. Index.”

scholarly journals THE ANALYSIS OF BOT STRATEGIES BASED ON GAME THEORY – CASE STUDY ON TAIWAN'S HIGH SPEED RAILWAY PROJECT

2012 ◽  
Vol 18 (5) ◽  
pp. 662-674 ◽  
Author(s):  
Tien-Chien Chen ◽  
Yu-Cheng Lin ◽  
Lung-Chuang Wang
Keyword(s):  
Game Theory ◽  
High Speed ◽  
Market Competition ◽  
Theory Model ◽  
Competition And Cooperation ◽  
Financial Difficulties ◽  
The Game Theory ◽  
The Government ◽  
High Speed Railroad

Uncertainty in a contract for some BOT (Build-Operate-Transfer) projects may allow an opportunistic developer to take advantage of information asymmetrical factors, long-term external changes, and agency dilemma to request renegotiation and to alter the contact after it has been awarded. Such requests often entrap the government in hold-up problems and result in improper payments to the developers and may even create general public dissatisfaction with a project. In this paper, the Game Theory model is used to analyze the Taiwan High Speed Railroad project to examine how developers implement different strategies at the various stages of a project to alter the contract's conditions in order to continually creating competitive advantage after they have been awarded the contract. This project developer is now facing serious financial difficulties. In this study, the financial information on the Taiwan High Speed Railroad operations was used as the foundation for conducting a simulation to calculate the project's value after this project began operation. The results will serve as reference to the best decision-making strategy for renegotiating costs in competition and cooperation so that a developer can select the optimum project offering the maximum reward. Also, the result will be offered to industries involved in market competition or act as an approach to establish future BOT policies on renegotiation.

scholarly journals A Review of Game Theory Applications for Seaport Cooperation and Competition

2020 ◽  
Vol 8 (2) ◽  
pp. 100
Author(s):  
Karlis Pujats ◽  
Mihalis Golias ◽  
Dinçer Konur
Keyword(s):  
Game Theory ◽  
Container Terminal ◽  
Container Terminals ◽  
Future Research ◽  
Shipping Industry ◽  
Reference Guide ◽  
Cooperation And Competition ◽  
Maritime Shipping ◽  
Operational Plan ◽  
Work Done

In the ever-changing maritime shipping industry, ports, and more specifically, container terminals, are always on the search for better policy and operational plan developments. As the maritime shipping sector changes, new areas of research emerge. In this paper, we present a review of recent game theory applications for seaport cooperation and competition, accompanied by summary review tables stating the study, the modeling technique used, the methodology and objective, and summary of the results of each study. In total, we have reviewed 33 studies that used game theory models that investigated seaport and container terminal competition and cooperation involving various stakeholders with dating publication years from 2008 to 2019. The paper concludes with a discussion and proposed future research directions. The purpose of the paper is to serve as a reference guide to recent game theory applications on seaport cooperation and competition that would allow a quick understanding of work done in the field.

scholarly journals Evaluation of Logistics Infrastructure of Container Terminals in Northern Vietnam

2016 ◽  
Vol 40 (5) ◽  
pp. 305-310 ◽  
Author(s):  
Minh Duc Nguyen ◽  
◽  
Sung-June Kim ◽  
Jung Sik Jeong
Keyword(s):  
Container Terminals ◽  
Northern Vietnam

A DEA model to evaluate Brazilian container terminals

2018 ◽  
Vol 52 (3) ◽  
pp. 743-754 ◽  
Author(s):  
Eduardo Fagundes Costa ◽  
Lidia Angulo Meza ◽  
Marcos Costa Roboredo
Keyword(s):  
Game Theory ◽  
Decision Making ◽  
Current Model ◽  
Original Model ◽  
Container Terminals ◽  
Peer Evaluation ◽  
Data Envelopment ◽  
First Time ◽  
A Current ◽  
Decision Making Units

This study aims to evaluate the main Brazilian port terminals specialized in the operation of containers between the years 2010 and 2014. Therefore, it was applied Data Envelopment Analysis (DEA) and some of its complementary models, represented by the Cross Evaluation, in order to implement a peer-evaluation and improve the discrimination of the 100% efficient terminal; and a current model known as DEA-Game Cross Efficiency that combines DEA and Game Theory. This article proposes an adaptation to the original model, since it considers a radial output orientation, regarded as more compatible with the problem under analysis. DEA-Game was applied for the first time in port performance measurement and it was shown more suitable than the others, since the Decision Making Units (DMU) are seen from the perspective of a non-cooperative game and the results proved to be a Nash equilibrium.

AN INTEGRATED GAME-THEORY BASED MODEL FOR TRANS-BOUNDARY WATER RESOURCES MANAGEMENT IN NORTH CHINA: A CASE STUDY IN THE GUANTING RESERVOIR BASIN (GRB), BEIJING

2008 ◽  
Vol 18 (04) ◽  
pp. 461-483 ◽  
Author(s):  
ZHIFENG YANG ◽  
YONG ZENG ◽  
YANPENG CAI ◽  
QIAN TAN
Keyword(s):  
Game Theory ◽  
Resource Management ◽  
Water Resources ◽  
River Basin ◽  
Water Resource ◽  
Water Resource Management ◽  
North China ◽  
Water Quantity ◽  
Competition And Cooperation ◽  
Reservoir Basin

Water is a fundamental resource in our daily lives and for social development. Currently, water resources are under stressed conditions in north China due to the ongoing growth of demand for water and the frequent occurrences of natural disasters in this area. This problem is further intensified by the deterioration of water quality, which is a side effect of economic development, industrial expansion, and agricultural growth. These problems interconnect with each other, leading to a variety of conflicts over water resources. To resolve such conflicts, a two-person game-theory based model is developed for water resource management in the trans-boundary regions of a river basin. The model is tested on a river basin within this area of China in which water resources are contested. Through the developed model, potential policy alternatives can be generated for water resource management and pollution control within the context of a river basin. Cooperative and/or competitive mechanisms can thus be formulated through competition and cooperation over issues of water quantity and quality among different levels of jurisdictions in the same river basin. Then, Nash Solution is used to solve scenarios of competition and cooperation between the upstream and downstream based on the integration of optimization and simulation models. The developed model and the solution process is then applied to resolve water conflicts between Beijing and Hebei province, which are in the upstream and downstream of the Guanting Reservoir Basin (GRB), respectively, representing two major stakeholders in the contest over water quantity and quality. Non-cooperative and cooperative scenarios for the two-player game scenarios are developed to investigate and compare potential economic benefits of these scenarios. Results indicate that the developed model can be effectively and flexibly employed to resolve water conflicts between upstream and downstream stakeholders in the same river basin. The results can also be used to help formulate economic compensation mechanisms within these jurisdictions.

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