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Fuzzy and Multiobjective Games for Conflict Resolution (Hardcover, 2001 ed.)
Loot Price: R3,185
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Fuzzy and Multiobjective Games for Conflict Resolution (Hardcover, 2001 ed.)
Series: Studies in Fuzziness and Soft Computing, 64
Expected to ship within 10 - 15 working days
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Decision makers in managerial and public organizations often
encounter de cision problems under conflict or competition, because
they select strategies independently or by mutual agreement and
therefore their payoffs are then affected by the strategies of the
other decision makers. Their interests do not always coincide and
are at times even completely opposed. Competition or partial
cooperation among decision makers should be considered as an essen
tial part of the problem when we deal with the decision making
problems in organizations which consist of decision makers with
conflicting interests. Game theory has been dealing with such
problems and its techniques have been used as powerful analytical
tools in the resolution process of the decision problems. The
publication of the great work by J. von Neumann and O. Morgen stern
in 1944 attracted attention of many people and laid the foundation
of game theory. We can see remarkable advances in the field of game
theory for analysis of economic situations and a number of books in
the field have been published in recent years. The aim of game
theory is to specify the behavior of each player so as to optimize
the interests of the player. It then recommends a set of solutions
as strategies so that the actions chosen by each decision maker
(player) lead to an outcome most profitable for himself or her
self."
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