Game-theoretic Analysis of Air-cargo Allotment Contract

Amaruchkul, Kannapha

doi:10.5220/0006551800470058

Cited by 2 publications

(2 citation statements)

References 16 publications

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“…To this end, the definition of project management as a time-bound activity was considered important [1][2][3], and thus papers describing the use of game theory to model day-to-day operational issues, or the 'business-as-usual' operation of the company, were excluded. For example, a paper describing the negotiation process between an airline and a freight forwarder using game theory was excluded [53]; this negotiation reflects the routine business operations of both parties, which they do not necessarily need to implement a project to undertake. Papers were also excluded if it was possible that a project management application may exist for their modelling, but they did not explicitly describe such an application.…”

Section: Stepmentioning

confidence: 99%

“…Some examples of papers which were not classified, as they were not project management-specific. Amaruchkul (2008) [53] uses game theory to model contract negotiations between air cargo carriers and freight forwarders, which determine the size of allotments made by the carrier to each freight forwarder. The pay-off of the freight forwarded is decided by the rate it receives from the carrier for their cargo, and they hope to receive a discount rate compared to the spot rate by securing an allotment beforehand.…”

Section: Papers Relevant To Project Management But Not Explicitly Setmentioning

confidence: 99%

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Applications of Game Theory in Project Management: A Structured Review and Analysis

Piraveenan

2019

Mathematics

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This paper provides a structured literature review and analysis of using game theory to model project management scenarios. We select and review thirty-two papers from Scopus, present a complex three-dimensional classification of the selected papers, and analyse the resultant citation network. According to the industry-based classification, the surveyed literature can be classified in terms of construction industry, ICT industry or unspecified industry. Based on the types of players, the literature can be classified into papers that use government-contractor games, contractor–contractor games, contractor-subcontractor games, subcontractor–subcontractor games or games involving other types of players. Based on the type of games used, papers using normal-form non-cooperative games, normal-form cooperative games, extensive-form non-cooperative games or extensive-form cooperative games are present. Also, we show that each of the above classifications plays a role in influencing which papers are likely to cite a particular paper, though the strongest influence is exerted by the type-of-game classification. Overall, the citation network in this field is sparse, implying that the awareness of authors in this field about studies by other academics is suboptimal. Our review suggests that game theory is a very useful tool for modelling project management scenarios, and that more work needs to be done focusing on project management in ICT domain, as well as by using extensive-form cooperative games where relevant.

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Section: Stepmentioning

confidence: 99%

Section: Papers Relevant To Project Management But Not Explicitly Setmentioning

confidence: 99%