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Computing tournament solutions using relation algebra and RelView
Berghammer, Rudolf; Rusinowska, Agnieszka; de Swart, Harrie - In: European Journal of Operational Research 226 (2013) 3, pp. 636-645
We describe a simple computing technique for the tournament choice problem. It rests upon relational modeling and uses …, the minimal covering set, the Banks set, and the tournament equilibrium set are delivered. We present an example of a … tournament on a small set of alternatives, for which the above choice sets are computed and visualized via RelView. The technique …
Persistent link: https://www.econbiz.de/10010871192
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Strategic bidding of offer curves: An agent-based approach to exploring supply curve equilibria
Kimbrough, Steven O.; Murphy, Frederic H. - In: European Journal of Operational Research 229 (2013) 1, pp. 165-178
complicated to be analyzed using traditional economic theory. In addition, we demonstrate computationally that, by using …
Persistent link: https://www.econbiz.de/10010664722
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Capacity switching options under rivalry and uncertainty
Siddiqui, Afzal; Takashima, Ryuta - In: European Journal of Operational Research 222 (2012) 3, pp. 583-595
Deregulated infrastructure industries exhibit stiff competition for market share. Firms may be able to limit the effects of competition by launching new projects in stages. Using a two-stage real options model, we explore the value of such flexibility. We first demonstrate that the value of...
Persistent link: https://www.econbiz.de/10010597586
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Earnouts in mergers and acquisitions: A game-theoretic option pricing approach
Lukas, Elmar; Reuer, Jeffrey J.; Welling, Andreas - In: European Journal of Operational Research 223 (2012) 1, pp. 256-263
This paper presents a valuation approach for merger and acquisition (M&A) deals employing contingent earnouts. It is argued that these transactions have option-like features, and the paper uses a game-theoretic option approach to model the value of such claims. More specifically, the paper...
Persistent link: https://www.econbiz.de/10010597610
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A coalition formation value for games in partition function form
Grabisch, Michel; Funaki, Yukihiko - In: European Journal of Operational Research 221 (2012) 1, pp. 175-185
The coalition formation problem in an economy with externalities can be adequately modeled by using games in partition function form (PFF games), proposed by Thrall and Lucas. If we suppose that forming the grand coalition generates the largest total surplus, a central question is how to...
Persistent link: https://www.econbiz.de/10010597621
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Game theoretic analysis of negotiations under bankruptcy
Annabi, Amira; Breton, Michèle; François, Pascal - In: European Journal of Operational Research 221 (2012) 3, pp. 603-613
We extend the contingent claims framework for the levered firm in explicitly modelling the resolution of financial distress under formal bankruptcy as a non-cooperative game between claimants under the supervision of the bankruptcy judge. The identity of the class of claimants proposing the...
Persistent link: https://www.econbiz.de/10010597627
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Strategic upfront marketing channel integration as an entry barrier
Matsui, Kenji - In: European Journal of Operational Research 220 (2012) 3, pp. 865-875
This paper investigates an organizational design problem concerning whether duopolistic firms competing in a product market should vertically integrate or separate their marketing channels in a dynamic noncooperative game setting. Previous operational research models have shown that the...
Persistent link: https://www.econbiz.de/10010597658
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Product-design and pricing strategies with remanufacturing
Wu, Cheng-Han - In: European Journal of Operational Research 222 (2012) 2, pp. 204-215
In this paper, we consider a supply chain that consists of an original equipment manufacturer (OEM) producing new products and a remanufacturer recovering the used items. The OEM often faces a strategic dilemma when determining the degree of disassemblability of its product design, as high...
Persistent link: https://www.econbiz.de/10010597675
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Cooperative advertising models in supply chain management: A review
Aust, Gerhard; Buscher, Udo - In: European Journal of Operational Research 234 (2014) 1, pp. 1-14
This paper reviews articles on cooperative advertising, a topic which has gained substantial interest in the recent years. Thereby, we first briefly distinguish five different definitions of cooperative advertising which can be found in operations research literature. After that, we concentrate...
Persistent link: https://www.econbiz.de/10010730171
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Partnership formation with age-dependent preferences
Alpern, S.; Katrantzi, I.; Ramsey, D.M. - In: European Journal of Operational Research 225 (2013) 1, pp. 91-99
We analyze a model of partnership formation in which players’ preferences are based on the age of a prospective partner. There are two classes of individuals, called for convenience here male and female. Males and females are fertile for the same length of time, normalized to one unit. A male...
Persistent link: https://www.econbiz.de/10010871061