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Allocating Profit Among Rational Players in a Fuzzy Coalition: A Game Theoretic Model

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  • Surajit Borkotokey

    (Dibrugarh University)

  • Rupok Neog

    (Dibrugarh University)

Abstract

In this paper, the problem of allocation of the profit, obtained from a fuzzy coalition, among its players is considered. It is argued that this allocation is influenced by satisfaction of the players in regards to better performance and success within a cooperative endeavour. Our model is based on the real life situations, where possibly one or more players compromise on their payoffs in order to help forming a coalition. We have developed a dynamic approach to obtain a suitable solution to the corresponding cooperative fuzzy game. Further, the notion of a penalty among the bargaining players is introduced. This would inflict them to reasonable demands only.

Suggested Citation

  • Surajit Borkotokey & Rupok Neog, 2012. "Allocating Profit Among Rational Players in a Fuzzy Coalition: A Game Theoretic Model," Group Decision and Negotiation, Springer, vol. 21(4), pages 439-459, July.
    • Handle: RePEc:spr:grdene:v:21:y:2012:i:4:d:10.1007_s10726-010-9217-3
    DOI: 10.1007/s10726-010-9217-3
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    References listed on IDEAS

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    Cited by:

    1. Neog, Rupok & Borkotokey, Surajit, 2011. "Dynamic resource allocation in fuzzy coalitions : a game theoretic model," MPRA Paper 40074, University Library of Munich, Germany.
    2. Liu, Zhi & Zheng, Xiao-Xue & Li, Deng-Feng & Liao, Chen-Nan & Sheu, Jiuh-Biing, 2021. "A novel cooperative game-based method to coordinate a sustainable supply chain under psychological uncertainty in fairness concerns," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 147(C).

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