An Application of Game Theory: Cost Allocation

Transmission cost allocation based on cooperative game theory

transmission cost allocation based on cooperative game theory

Game Theory and Cost Allocation Problems*

Problems of allocating joint costs in a reasonable way arise in many practical situations where people decide to work together to save costs. Cost allocation methods based on game theoretical concepts take into account the strategic aspects of cost allocation situations. We give a survey of cost allocation methods based on the nucleolus and the Shapley value, and introduce also a new one, the s...

Game Theory for Cost Allocation in Healthcare

Game theory is a branch of applied mathematics that studies strategic situations in which participants (players) act rationally in order to maximize their returns (payoffs). As such, game theory provides models of rational behavior (decisionmaking) for strategic interactions. Many types of problems that involve decision strategies for cooperating or non-cooperating participants present a fruitf...

Application of game theory for distributed dynamic channel allocation