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Grey Game Theory and Its Applications in Economic Decision-Making (Hardcover): Zhigeng Fang, Sifeng Liu, Hongxing Shi, Yi Lin Grey Game Theory and Its Applications in Economic Decision-Making (Hardcover)
Zhigeng Fang, Sifeng Liu, Hongxing Shi, Yi Lin
R4,031 Discovery Miles 40 310 Ships in 12 - 17 working days

To make the best decisions, you need the best information. However, because most issues in game theory are grey, nearly all recent research has been carried out using a simplified method that considers grey systems as white ones. This often results in a forecasting function that is far from satisfactory when applied to many real situations. Grey Game Theory and Its Applications in Economic Decision Making introduces classic game theory into the realm of grey system theory with limited knowledge. The book resolves three theoretical issues:

  • A game equilibrium of grey game
  • A reasonable explanation for the equilibrium of a grey matrix of static nonmatrix game issues based on incomplete information
  • The Centipede Game paradox, which has puzzled theory circles for a long time and greatly enriched and developed the core methods of subgame Nash perfect equilibrium analysis as a result

The book establishes a grey matrix game model based on pure and mixed strategies. The author proposes the concepts of grey saddle points, grey mixed strategy solutions, and their corresponding structures and also puts forward the models and methods of risk measurement and evaluation of optimal grey strategies. He raises and solves the problems of grey matrix games. The book includes definitions of the test rules of information distortion experienced during calculation, the design of tokens based on new interval grey numbers, and new arithmetic laws to manipulate grey numbers. These features combine to provide a practical and efficient tool for forecasting real-life economic problems.

Theory of Science and Technology Transfer and Applications (Paperback): Sifeng Liu, Zhigeng Fang, Hongxing Shi, Benhai Guo Theory of Science and Technology Transfer and Applications (Paperback)
Sifeng Liu, Zhigeng Fang, Hongxing Shi, Benhai Guo
R1,703 Discovery Miles 17 030 Ships in 12 - 17 working days

Constructive Suggestions for Efficiently Implementing Technology Transfer Theory of Science and Technology Transfer and Applications presents the mechanisms, features, effects, and modes of technology transfer. It addresses the measurement, cost, benefit, optimal allocation, and game theory of technology transfer, along with the dynamics of the technical diffusion field. The book explores the concept of technology transfer and its mechanism as the main theme. It measures the cost and benefit of technology transfer, analyzes technology transfer based on technical diffusion field theory, and presents case studies to illustrate the use of a linear programming model and government investment and planning model. The authors also offer strategic analyses that utilize game models and discuss the impact of technology transfer on economic growth. Accompanied by economic globalization, globalization in technology enables the rational allocation and flow of the elements of technology without restrictions, which in turn allows the sharing of technological activities and the space flow of technology more frequently. This book focuses on the creation and development of advanced productivities. Through many real-world examples, it shows how to implement technology transfer in society, leading technology to become socially and economically valued.

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