WebJan 26, 2024 · With game theory, port economics can become easier to model and understand and critical decisions can be made with ease. ... Examples include investment analysis can be accomplished using field analysis, cycle cost method, NPV, internal rate of return, and prospect theory. Game theory is only gaining prominence in project … WebNov 21, 2016 · A call for contributions in a an edited book project entitled “Game Theory Applications in Port and Maritime Studies” to be published by Routledge (Maritime Masters book series) has been announced by PortEconomics co …
A game theoretical analysis of port competition
WebMay 2, 2024 · Kaysi and Nehme ( 2016) found that the optimal investment strategy of several ports competing with each other to attract carriers depends on the port’s (i) … Web1 hour ago · It is a deceptively simple approach. It is easy to explain the theory, but the actual execution is extremely difficult to do. The reason that so many people think it is easy is that they do it ... cummins y78 recall
What Is Game Theory? And why is it an important decision
WebA game theory approach has been used to model the competition between several port authorities, and it was used to determine how to attract additional ships while maximizing the interests of port authorities [ 34 ]. WebPort competition and port competitiveness are recognized as two of the main port policy problems. There are several approaches to analyzing port competition. One approach … WebDec 1, 2024 · There are numerous studies of port investment and expansion. Most have studied the investment amount or timing in terms of port capacity management based on game theory (e.g., Veldman and Bückmann, 2003, Chen et al., 2016) or the programming model (e.g., Devanney and Tan, 1975, Noritake and Kimura, 1983, Allahviranloo and … cummis bayard blvd