Using game theory to assess multi-company strategies in watershed management
2016 ◽
Vol 11
(3)
◽
pp. 535
Keyword(s):
The main objective of this work was to evaluate the use of game theory as a strategic tool for watershed management decision-making. An engineering problem case study was used in which three organizations compare various scenarios when deciding where to locate a polluting plant on a watershed. Six games were modeled to provide a variety of conditions that could feasibly be implemented and were simulated using software for finding Nash Equilibria solutions. The results show that game theory can provide key insights, such as the consideration of other players’ strategies, and identify possible pitfalls that may occur when the companies seek only to maximize their individual profitability.
2001 ◽
Vol 2
(1)
◽
pp. 65
Keyword(s):
Keyword(s):
2020 ◽
Vol ahead-of-print
(ahead-of-print)
◽
2017 ◽
Vol 23
(2)
◽
pp. 377-398
◽
2004 ◽
Vol 40
(2)
◽
pp. 347-357
◽
2013 ◽
Vol 72
◽
pp. 54-63
◽
Keyword(s):
2011 ◽
Vol 11
(5/6)
◽
pp. 379