Equipment Leasing Model with Failure Tolerance Cost Using Game Theory
نویسندگان
چکیده
In this study the equipment lease contract, where two players, lessor, to user (lessee), if fails exceed tolerance agreed by both players during period and needs be repaired, it is considered detrimental lessee, because results in a loss of potential revenue will received from leased equipment. Therefore, total income lessor contract may incur penalty costs as consequence for failure maintain maintenance performance. We use Nash's game theory formulation find win-win solution between an equilibrium point lessee. The are, when Lessee decides maximize profits, which profit gained lessee using equipment, also their profits derived considering cost cooperatively determined variable. selected scenario percentage minimum with maximum level used.
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ژورنال
عنوان ژورنال: Aptech Proceeding International Seminar on Applied Technology, Science & Arts : Development of Green Agro-Industry to Support Human Life Sustainability
سال: 2022
ISSN: ['2354-6026']
DOI: https://doi.org/10.12962/j23546026.y2020i1.11947