{"title":"A novel game theoretic method on fair economic resource allocation with multiple Criteria","authors":"Atieh Namazi, M. Khodabakhshi","doi":"10.1080/17509653.2022.2043196","DOIUrl":null,"url":null,"abstract":"ABSTRACT The present study is concerned with fair allocation of a resource to sectors to achieve the best accomplishments based on some criteria divided into merits and demerits of the sectors. There is a method similar to the idea of -value in cooperative games with a selfish-modest approach that allows the sectors to selfishly and modestly choose their shares. In order to improve this method, another method using the Shapley value approach is proposed in this study that allows the sectors in different orders to selfishly or modestly choose their shares. These two methods are applied to invest among economic sectors in Iran. To compare the methods, the distance of their solutions to the Pareto frontier of the multi-objective problem is measured while considering the allocation fairness. It was concluded that the solution of the proposed method is greatly close to the Pareto frontier.","PeriodicalId":46578,"journal":{"name":"International Journal of Management Science and Engineering Management","volume":"18 1","pages":"170 - 176"},"PeriodicalIF":3.0000,"publicationDate":"2022-03-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Management Science and Engineering Management","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1080/17509653.2022.2043196","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"OPERATIONS RESEARCH & MANAGEMENT SCIENCE","Score":null,"Total":0}
引用次数: 0
Abstract
ABSTRACT The present study is concerned with fair allocation of a resource to sectors to achieve the best accomplishments based on some criteria divided into merits and demerits of the sectors. There is a method similar to the idea of -value in cooperative games with a selfish-modest approach that allows the sectors to selfishly and modestly choose their shares. In order to improve this method, another method using the Shapley value approach is proposed in this study that allows the sectors in different orders to selfishly or modestly choose their shares. These two methods are applied to invest among economic sectors in Iran. To compare the methods, the distance of their solutions to the Pareto frontier of the multi-objective problem is measured while considering the allocation fairness. It was concluded that the solution of the proposed method is greatly close to the Pareto frontier.
期刊介绍:
International Journal of Management Science and Engineering Management (IJMSEM) is a peer-reviewed quarterly journal that provides an international forum for researchers and practitioners of management science and engineering management. The journal focuses on identifying problems in the field, and using innovative management theories and new management methods to provide solutions. IJMSEM is committed to providing a platform for researchers and practitioners of management science and engineering management to share experiences and communicate ideas. Articles published in IJMSEM contain fresh information and approaches. They provide key information that will contribute to new scientific inquiries and improve competency, efficiency, and productivity in the field. IJMSEM focuses on the following: 1. identifying Management Science problems in engineering; 2. using management theory and methods to solve above problems innovatively and effectively; 3. developing new management theory and method to the newly emerged management issues in engineering; IJMSEM prefers papers with practical background, clear problem description, understandable physical and mathematical model, physical model with practical significance and theoretical framework, operable algorithm and successful practical applications. IJMSEM also takes into account management papers of original contributions in one or several aspects of these elements.