CONSTRUCTION WORK IN THE LIGHT OF GAME THEORY. AN EMPIRICAL STUDY

2021 ◽  
Vol 563 (2) ◽  
pp. 11-18
Author(s):  
Robert Pawlak
Keyword(s):  
Game Theory ◽  
Empirical Study ◽  
Construction Industry ◽  
Participant Observation ◽  
Theoretical Background ◽  
Construction Work ◽  
Manual Worker ◽  
The Game Theory ◽  
Under Construction

The paper focus on queue for elevators and delays in construction industry. The author of the research was working at the position of manual worker in a skyscraper under construction in Poland. He conducted his research with the method of cover participant observation. Theoretical background of the study was the game theory

Reputation and Gossip in Game Theory

2019 ◽  
pp. 213-229
Author(s):  
Charles Roddie
Keyword(s):  
Game Theory ◽  
Strategic Behavior ◽  
Third Party ◽  
The Past ◽  
Past Behavior ◽  
Future Behavior ◽  
The Game Theory ◽  
Shed Light

When interacting with others, it is often important for you to know what they have done in similar situations in the past: to know their reputation. One reason is that their past behavior may be a guide to their future behavior. A second reason is that their past behavior may have qualified them for reward and cooperation, or for punishment and revenge. The fact that you respond positively or negatively to the reputation of others then generates incentives for them to maintain good reputations. This article surveys the game theory literature which analyses the mechanisms and incentives involved in reputation. It also discusses how experiments have shed light on strategic behavior involved in maintaining reputations, and the adequacy of unreliable and third party information (gossip) for maintaining incentives for cooperation.

scholarly journals The Superiority of Quantum Strategy in 3-Player Prisoner’s Dilemma

Mathematics ◽  
2021 ◽  
Vol 9 (12) ◽  
pp. 1443
Author(s):  
Zhiyuan Dong ◽  
Ai-Guo Wu
Keyword(s):  
Game Theory ◽  
Prisoner's Dilemma ◽  
Prisoner’S Dilemma ◽  
Quantum Game ◽  
Final State ◽  
The Game Theory ◽  
Initial States ◽  
Quantum Strategy ◽  
Selection Of

In this paper, we extend the quantum game theory of Prisoner’s Dilemma to the N-player case. The final state of quantum game theory of N-player Prisoner’s Dilemma is derived, which can be used to investigate the payoff of each player. As demonstration, two cases (2-player and 3-player) are studied to illustrate the superiority of quantum strategy in the game theory. Specifically, the non-unique entanglement parameter is found to maximize the total payoff, which oscillates periodically. Finally, the optimal strategic set is proved to depend on the selection of initial states.

The Composite Reinforcement of LLC «SK»

2015 ◽  
Vol 752-753 ◽  
pp. 749-757
Author(s):  
Svetlana Kiski ◽  
Zhanna Teplova ◽  
Alexey Sokolov
Keyword(s):  
Construction Industry ◽  
Russian Federation ◽  
Mechanical Characteristics ◽  
Analysis And Synthesis ◽  
The Russian Federation ◽  
Under Construction ◽  
Available Information ◽  
Main Producer ◽  
Physical And Mechanical Characteristics ◽  
Composite Reinforcements

The review of the main physical and mechanical characteristics of steel and nonmetallic composite reinforcements is presented in the article. Also there are complex studying, analysis and synthesis of available information. Much attention is paid to recommendations for designing building constructions of different functions with nonmetallic composite reinforcements. Scopes of nonmetallic composite reinforcements in the construction industry in Russia and abroad are considered.Information about main producer and the official distributor of composite reinforcements is provided in the article. This company is the official distributor in the Northwest of the Russian Federation. Their production is successfully used on many objects under construction in Russia. Materials of the article are based on the real photographic materials provided by personal archive of the company.

Vulnerable Company’s Triumphs in M&A Negotiation under the Impact of COVID-19 — An Empirical Study of Asian Companies

2021 ◽  
pp. 2150012
Author(s):  
Tsai-Hsin Cheng ◽  
Chung-Jian Huang ◽  
Chao-Hsien Sung ◽  
Yi-Chang Huang
Keyword(s):  
Game Theory ◽  
Empirical Study ◽  
Mergers And Acquisitions ◽  
Strategic Alliances ◽  
Information Economics ◽  
Biotechnology Industry ◽  
Equilibrium Price ◽  
Cold Chain ◽  
Investment Valuation ◽  
The Impact

The worldwide lockdown caused by COVID-19 has led to the complete suspension of shipping, land transportation, and aviation. As a result of the redistribution of global resources, governments have recently advocated acquisitions and mergers with strategic alliances and vertical integrations to revitalize the economy. This study aims to investigate how the mergers and acquisitions (M&A) were negotiated and how the equilibrium price was achieved with game theory and information economics in agricultural and fishery biotechnology industry. The findings in the present study propose that by adopting investment valuation (asset-based approach, revenue method, market method) and presenting three patents (globally unique nondrug-denatured pure male tilapia and GPS [Formula: see text]C cloud cold chain logistics), the more the vulnerable company is able to attain a triumphant price during the negotiation of M&A.

An Empirical Study of Game Theory

1960 ◽  
Vol 7 (3) ◽  
pp. 527-530 ◽  
Author(s):  
Oliver L. Lacey ◽  
James L. Pate
Keyword(s):  
Game Theory ◽  
Empirical Study

An empirical study on the CO2 emissions in the Chinese construction industry

2017 ◽  
Vol 168 ◽  
pp. 645-654 ◽  
Author(s):  
Jindao Chen ◽  
Liyin Shen ◽  
Xiangnan Song ◽  
Qian Shi ◽  
Shengping Li
Keyword(s):  
Empirical Study ◽  
Construction Industry ◽  
Co2 Emissions

scholarly journals Multi-Robot Searching using Game-Theory Based Approach

10.5772/6232 ◽  
2008 ◽  
Vol 5 (4) ◽  
pp. 44 ◽  
Author(s):  
Yan Meng
Keyword(s):  
Game Theory ◽  
Dynamic Programming ◽  
Utility Function ◽  
Real Time ◽  
Dynamic Environment ◽  
Equilibrium Solutions ◽  
Strategy Equilibrium ◽  
The Game Theory ◽  
Target Searching ◽  
Multi Robot

This paper proposes a game-theory based approach in a multi–target searching using a multi-robot system in a dynamic environment. It is assumed that a rough priori probability map of the targets' distribution within the environment is given. To consider the interaction between the robots, a dynamic-programming equation is proposed to estimate the utility function for each robot. Based on this utility function, a cooperative nonzero-sum game is generated, where both pure Nash Equilibrium and mixed-strategy Equilibrium solutions are presented to achieve an optimal overall robot behaviors. A special consideration has been taken to improve the real-time performance of the game-theory based approach. Several mechanisms, such as event-driven discretization, one-step dynamic programming, and decision buffer, have been proposed to reduce the computational complexity. The main advantage of the algorithm lies in its real-time capabilities whilst being efficient and robust to dynamic environments.

scholarly journals Value Management in Practice: An Interview Survey

2012 ◽  
Vol 4 (2) ◽  
pp. 11-18 ◽  
Author(s):  
Therese Daddow ◽  
Martin Skitmore
Keyword(s):  
Construction Industry ◽  
Construction Projects ◽  
Project Delivery ◽  
Value Management ◽  
Practical Implementation ◽  
Construction Work ◽  
Value For Money ◽  
Extra Time ◽  
Prescriptive Literature ◽  
Interview Survey

Despite its obvious theoretical benefits, there has been some reservations regarding the practical implementation of Value Management (VM) for construction projects. In particular, these concerns the extra time and costs involved in conducting VM in relation to the actual benefits gained as a consequence of its use. This paper provides the result of an interview survey of the experiences and observations of 17 professionals working in the property and construction industry to establish the extent to which this is an issue. The main conclusion is that the process is working well, with VM being popular among those with experience in its use - which has been extended into the area of consultant selection. However, in contrast with the prescriptive literature, much of the participants' experiences appear to be more concerned with VM's contribution to the identification and management of the risks involved in project delivery than the straight value-for-money aspects. This may be due to the higher levels of uncertainty involved in construction work than in VM's original use in construction.

scholarly journals Skriftsprogskompetence og skriftsprogsvalg hos to kommandanter på Kronborg i 2. halvdel af 1600-tallet

2016 ◽  
Vol 52 ◽  
Author(s):  
Birgit Christensen
Keyword(s):  
Empirical Study ◽  
Language Skills ◽  
Written Language ◽  
German Language ◽  
Construction Work ◽  
Command Language ◽  
Vital Importance ◽  
The Subject ◽  
Professional Writers ◽  
Selection Of

It is a rule of thumb that the army’s command language was German until 1773 andafter that Danish. But along with the language of the army, the army’s administrationalso had a written language, and that is the subject of this brief empirical study. Thestudy will discuss the written language skills and the choice of written language by twocommandants of the same age at Kronborg, who were otherwise very different people,each holding the position of commandant at the fortress for a number of years in thesecond half of 17th century, in a selection of letters from them to the king and thecentral administration. The letters are often about the construction work, which tookplace at Kronborg at the time. The following questions are asked: Which language wasused when writing to whom? And what language did they allow to be written to whom,when they used professional writers? In what situations did they use professional writers?Was the choice of language determined by the recipient? The first is the Danishnobleman Eiller Holck (1627–1696). The letters examined are from 1660–1664. EillerHolck, who was quite well-educated, was skilled at writing in both Danish and German,but mostly used a writer, and when writing himself, he seldomly wrote more than ashort text near his signature. When he himself wrote to the king, he wrote Danish,but when writing to the king using a writer, the writer used German. This was also thecase when writing to the Danish/Norwegian nobleman Jørgen Bielke. This is perhapslinked with the language skills of the writer that was available. Holck took into accountthe fact that his superior, Danish Field Marshall Hans Schack, preferred German. BothHans Schack and Eiller Holck used translations in communications with their troops.The second is Jacob Geueke, son of a commoner from Burg on the German island ofFemern (1617–1699). The letters examined are from 1688–1692. He used German language writers, only wrote amendments on the letters himself and only in Germanand was not satisfied with his own standard of writing. Perhaps he understood Danish.It is of vital importance that many of the recipients of the letters in the central administrationwere from Holsten. Perhaps the delivered correspondence would have beenin Danish to a greater extent had Jørgen Bielke been more involved in the administration?

scholarly journals Cooperative n-person Prisoner's Dilemma on a Network

2021 ◽  
Vol 14 ◽  
pp. 122-126
Author(s):  
Aleksandra L. Grinikh ◽  
◽  
Leon A. Petrosyan ◽  
Keyword(s):  
Game Theory ◽  
Cooperative Game ◽  
Prisoner's Dilemma ◽  
Prisoner’S Dilemma ◽  
Pairwise Interaction ◽  
Network Interaction ◽  
The Game Theory

In the paper n-person prisoner's dilemma on the network is investigated. A cooperative game with the pairwise interaction of players is constructed. The model is a modification of the classic 2-person prisoner's dilemma problem in the game theory. Network interaction provide an ability to take into account the in uence only to the adjacent players from the whole set of players. The feature of the game is found that allows to make a decision about necessity of playing dominated strategy by a few players. This solution is based on the number of the adjacent players. The work is a continuation of the paper published earlier by Grinikh A.L. and Petrosyan L.A. in 2021.

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