Optimization of the Interaction of Industrial Enterprises and Foreign Counterparties using Pure Player Strategies in a Non-cooperative Game
Journal: TEM JOURNAL - Technology, Education, Management, Informatics (Vol.8, No. 1)Publication Date: 2019-02-28
Authors : Yevhenii Mykolaiovych Rudnichenko Nataliia Ivanivna Havlovska Serhii Anatoliiovych Matiukh Viktor Hryhorovych Lopatovskyi Serhii Yosypovych Yadukha;
Page : 182-188
Keywords : strategy; game theory; interaction; optimization;
Abstract
Optimization of the business entities interaction with foreign partners when entering new foreign markets is the key to the successful development of their foreign economic activity and provides the enterprises with additional benefits from expansion of the spheres of activity and potential markets. Game theory is an effective tool for modeling interaction scenarios between enterprises and their potential partners, based on the consent or refusal of each partner to cooperate. The approach proposed in this article allows optimizing interaction processes by compensating losses to economic entities and maximizing the benefit as a result of a non-cooperative game use while simulating their interaction scenarios.
Other Latest Articles
- Enhancing Brand Value of Modern Organizations through Digital Marketing Tools and Techniques: A Study on Top Ten Romanian Companies
- Differential-Integral Approach to the Competition Resistance Evaluation of Aircraft Engine Manufacturing Organization
- A Conceptual Framework for Facility Management in Higher Education Institutions in Saudi Arabia
- Preparing Students for the Era of the General Data Protection Regulation (GDPR)
- Socio-economic Indicators Influence in Terms of Natural Gas Supply Policy and Decision Making - Macedonian Case
Last modified: 2019-03-03 02:02:42