• DocumentCode
    1727806
  • Title

    Grey Sharpley model and its Raiffa solution for benefit allocation in cooperative game

  • Author

    Liu Yuan ; Fang Zhigeng

  • Author_Institution
    Coll. of Econ. & Manage., Nanjing Univ. of Aeronaut. & Astronaut., Nanjing, China
  • fYear
    2011
  • Firstpage
    705
  • Lastpage
    709
  • Abstract
    In this paper a new kind of uncertain cooperative game model is proposed with grey system and grey number operating regulations. A new grey Sharpley model is proposed to allocate benefits to the participants in a alliance with grey payoffs. More specifically, the grey Sharpley model is designed and proved its effectiveness, symmetry and additivity with grey number operation regulars. Besides the Raiffa solution is addressed to allocate profit in a large alliance and a multi-objective programming model is used to get the whitening result of the grey Sharpley model. A case study on an aircraft supply chain is conducted to demonstrate the feasibility and effectiveness of the new model. This paper expends the domain of the classic Sharpley model and constitutes a fresh perspective on benefit allocation under grey payoff information.
  • Keywords
    economics; game theory; grey systems; mathematical programming; Raiffa solution; benefit allocation; cooperative game; grey Sharpley model; grey payoff; multiobjective programming model; profit allocation; Games; Raiffa solution; benefit allocation; grey system; uncertain Sharpley model;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Grey Systems and Intelligent Services (GSIS), 2011 IEEE International Conference on
  • Conference_Location
    Nanjing
  • Print_ISBN
    978-1-61284-490-9
  • Type

    conf

  • DOI
    10.1109/GSIS.2011.6044111
  • Filename
    6044111