A game theory approach for assessing risk value and deploying search-and-rescue resources after devastating tsunamis

Wu, Cheng-Kuang

doi:10.1016/j.envres.2017.12.008

Cited by 18 publications

(5 citation statements)

References 15 publications

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“…Wu et al [30,31] proposed a resource deployment game for emergency responses. According to their model, this study also defines y: V → R + as a one-to-one function by assigning a positive real number to each item of v (i.e., SPV) and y(0…”

Section: Manufacturing Order Allocation Gamementioning

confidence: 99%

Game Theoretic Strategies for Supplier Capability Assessment and Manufacturing Order Allocation

Wu¹,

Chuang²

2020

JRACR

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An effective method is required to determine the amount and priority for the deployment of suppliers for multiple manufacturing processes, particularly when the available budget for each manufacturing process is limited. In this study, we propose an integrated approach for supplier assessment that consists of two game theory models which are designed to recommend manufacturers on how best to choose suppliers given budgetary limitations. In the first model, the interactive behaviors between the key factors representing the manufacturer and the supplier are modeled and analyzed as a two-player and zero-sum game, after which the Supplier Power Value (SPV) is derived from the pure or mixed strategy Nash equilibrium. In the second model, 12 SPVs are used to compute a Shapley value for each supplier, in terms of the thresholds of the majority levels in one manufacturing process. The Shapley values are then applied to create an allocated set of limited manufacturing orders for suppliers. The experimental results present that the manufacturer can use our approach to quantitatively evaluate the suppliers and easily allocate suppliers within one manufacturing process.

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Section: Manufacturing Order Allocation Gamementioning

confidence: 99%

Game Theoretic Strategies for Supplier Capability Assessment and Manufacturing Order Allocation

Wu¹,

Chuang²

2020

JRACR

Self Cite

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“…In non-cooperative games, players do self-enforcing coordination. Each player optimizes the decision to minimize the cost of utilizing each resource and maximize the rewards it earns [55]. Nash equilibrium is widely used in non-cooperative games to help predict the outcome of the game that will make every player feel satisfied with what each other deserves.…”

Section: Game Theory Application In Supply Chain Managementmentioning

confidence: 99%

Two-stage game-theoretic approach to supplier evaluation, selection and order assignment

Wee

Jeng

et al. 2020

Scientia Iranica

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This study proposes a framework for supplier evaluation, selection, and assignment that incorporates a two-stage game-theoretic approach method. The objective is to provide insights to manufacturers in choosing suitable suppliers for different manufacturing processes. The framework applies to the decision logic of multiple manufacturing processes. In the first stage, a non-cooperative game model is utilized for supplier evaluation and selection. The interactive behaviors between a manufacturer and some supplier candidates are modeled and analyzed so that the supplier evaluation value (SEV) can be obtained using the Nash equilibrium. In the second stage, the supplier evaluation values become the input for the Shepley values calculation of each supplier under a cooperative game model. The Shapley values are utilized to create a set of limited supplier allocation. This paper provides managerial insights to verify the proposed approach on supplier selection and allocation. Thus, enables supply chain management (SCM) manager to optimize supplier evaluation, selection, and order assignment.

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“…Gao et al [44] proposed an approach for considering different scenarios coping with corporate environment risk based on game theory. Wu [45] presented two game theoretic models for search-and-rescue resource allocation and selection of an acceptable plan for different districts after devastating tsunamis.…”

Section: Related Workmentioning

confidence: 99%

An Emergency Decision Making Method for Different Situation Response Based on Game Theory and Prospect Theory

Zhang

Wang

2018

Symmetry

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Because of the continuous burst of emergency events (EEs) recently, emergency decision making (EDM) has become an active research topic due to its crucial role in relieving and reducing various losses and damages (property, lives, environment, etc.) caused by EEs. Current EDM studies based on prospect theory (PT) have considered decision maker’s (DM’s) psychological behavior, which is very important in the EDM process because it affects DM’s decision behavior directly, particularly under the uncertainty decision environment. However, those studies neglected an important fact that different emergency situations should be handled by different measures to show the pertinence and effectiveness of the emergency response in the real world, which has been taken into consideration in EDM studies based on game theory (GT). Different behavior experiments show that DMs usually have limited rationality when involved in risk and an uncertain decision environment, in which their psychological behavior has distinct impacts on their decision choice and behavior. Nevertheless, the existing studies of EDM based on GT build on an assumption that DMs are totally rational; however, it is obvious that such an assumption is unreasonable and far from the real-world situation. Motivated by these limitations pointed out previously, this study proposes a novel EDM method combining GT and PT that considers not only the DM’s psychological behavior, but also takes different situations’ handling for EEs into account, which is closer to the EDM problems in reality. An example and comparison with other methods are provided to demonstrate the validity and rationality of the proposed method for coping with real-world EDM problems.

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A game theory approach for assessing risk value and deploying search-and-rescue resources after devastating tsunamis

Cited by 18 publications

References 15 publications

Game Theoretic Strategies for Supplier Capability Assessment and Manufacturing Order Allocation

Game Theoretic Strategies for Supplier Capability Assessment and Manufacturing Order Allocation

Two-stage game-theoretic approach to supplier evaluation, selection and order assignment

An Emergency Decision Making Method for Different Situation Response Based on Game Theory and Prospect Theory

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