Simultaneous resource accumulation and payoff allocation: a cooperative fuzzy game approach

DOI10.1155/2018/7031071MaRDI QIDQ1787458zbMATH OpenOpenAlexFDO

Authors Surajit Borkotokey, Rupok Neog, Qiang Zhang

Publication date 5 October 2018

Published in Advances in Fuzzy Systems (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://doi.org/10.1155/2018/7031071

Mathematics Subject Classification ID

Cooperative games (91A12)

Review text

Summary: We develop a simultaneous resource accumulation and payoff allocation algorithm under the framework of a cooperative fuzzy game that builds on our earlier work on the role of satisfaction in resource accumulation and payoff allocation. The difference between the two models lies in the fact that while focus was more on getting an \textit{exact solution} in our previous model, the negotiation process in the current model accounts more for the role of the intermediate stages. Moreover we characterize our solution using two properties: \textit{asymptotic fairness} and \textit{efficiency}. Our model includes a suitable penalty function to refrain players from unreasonable demands. We focus on real life situations where possibly one or more players compromise on their shares to ensure a binding agreement with the others.

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Cites work

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Cited in

(1)

• Dynamic resource allocation in fuzzy coalitions: a game theoretic model

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