• DocumentCode
    736787
  • Title

    An Optimal Cost-Effective Solution Based on Numerical Analysis for N-Person Cooperative Game

  • Author

    Long, Yan ; Bingjie, Li ; Xuwei, Li

  • fYear
    2015
  • fDate
    13-14 June 2015
  • Firstpage
    124
  • Lastpage
    127
  • Abstract
    A new conception called optimal cost-effective solution is introduced for N-person cooperative game. This solution is not only Pareto optimum but also superior to the conventional Nash´ arbitration solution relative to Nash equilibrium strategy on the whole. It is to insure the individual rationality for all the players. This method gives a new and simple way for solving N-person cooperative game. It is also equivalent to the solution of a single objective programming. Finally, several examples are presented to demonstrate the results.
  • Keywords
    Convex functions; Cost function; Games; Nash equilibrium; Production; Programming; N-person game; Nash arbitration solution; Nash equilibrium strategy; Optimal cost-effective solution; Pareto optimum;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Measuring Technology and Mechatronics Automation (ICMTMA), 2015 Seventh International Conference on
  • Conference_Location
    Nanchang, China
  • Print_ISBN
    978-1-4673-7142-1
  • Type

    conf

  • DOI
    10.1109/ICMTMA.2015.36
  • Filename
    7263528