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
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