Using game theory to assess multi-company strategies in watershed management
The main objective of this work was to evaluate the use of game theory as a strategic tool for watershed management decision-making. An engineering problem case study was used in which three organizations compare various scenarios when deciding where to locate a polluting plant on a watershed. Six g...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Instituto de Pesquisas Ambientais em Bacias Hidrográficas (IPABHi)
2016-06-01
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| Series: | Revista Ambiente & Água |
| Subjects: | |
| Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S1980-993X2016000300535&lng=pt&nrm=iso&tlng=en |
| _version_ | 1818081361727062016 |
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| author | Luke Ogilvie Thompson Alexandre Bevilacqua Leoneti René Bañares-Alcántara Eduardo Cleto Pires |
| author_facet | Luke Ogilvie Thompson Alexandre Bevilacqua Leoneti René Bañares-Alcántara Eduardo Cleto Pires |
| author_sort | Luke Ogilvie Thompson |
| collection | DOAJ |
| description | The main objective of this work was to evaluate the use of game theory as a strategic tool for watershed management decision-making. An engineering problem case study was used in which three organizations compare various scenarios when deciding where to locate a polluting plant on a watershed. Six games were modeled to provide a variety of conditions that could feasibly be implemented and were simulated using software for finding Nash Equilibria solutions. The results show that game theory can provide key insights, such as the consideration of other players' strategies, and identify possible pitfalls that may occur when the companies seek only to maximize their individual profitability. |
| first_indexed | 2024-12-10T19:04:59Z |
| format | Article |
| id | doaj.art-f287d571cc5446d0a40e1eed5d3714e5 |
| institution | Directory Open Access Journal |
| issn | 1980-993X |
| language | English |
| last_indexed | 2024-12-10T19:04:59Z |
| publishDate | 2016-06-01 |
| publisher | Instituto de Pesquisas Ambientais em Bacias Hidrográficas (IPABHi) |
| record_format | Article |
| series | Revista Ambiente & Água |
| spelling | doaj.art-f287d571cc5446d0a40e1eed5d3714e52022-12-22T01:36:56ZengInstituto de Pesquisas Ambientais em Bacias Hidrográficas (IPABHi)Revista Ambiente & Água1980-993X2016-06-0111353554710.4136/ambi-agua.1697 Using game theory to assess multi-company strategies in watershed managementLuke Ogilvie Thompson0 Alexandre Bevilacqua Leoneti1René Bañares-Alcántara2Eduardo Cleto Pires3University of Oxford, Oxford, Oxfordshire, UK. Engineering Science Department.Faculdade de Economia, Administração e Contabilidade de Ribeirão Preto (FEARP-USP), Ribeirão Preto, SP, Brasil. Departamento de Administração. University of Oxford, Oxford, Oxfordshire, UK. Engineering Science Department.Escola de Engenharia de São Carlos (EESC-USP), São Carlos, SP, Brasil. Departamento de Engenharia.The main objective of this work was to evaluate the use of game theory as a strategic tool for watershed management decision-making. An engineering problem case study was used in which three organizations compare various scenarios when deciding where to locate a polluting plant on a watershed. Six games were modeled to provide a variety of conditions that could feasibly be implemented and were simulated using software for finding Nash Equilibria solutions. The results show that game theory can provide key insights, such as the consideration of other players' strategies, and identify possible pitfalls that may occur when the companies seek only to maximize their individual profitability.http://www.scielo.br/scielo.php?script=sci_arttext&pid=S1980-993X2016000300535&lng=pt&nrm=iso&tlng=enenvironmental impacts; strategy; watershed |
| spellingShingle | Luke Ogilvie Thompson Alexandre Bevilacqua Leoneti René Bañares-Alcántara Eduardo Cleto Pires Using game theory to assess multi-company strategies in watershed management Revista Ambiente & Água environmental impacts; strategy; watershed |
| title | Using game theory to assess multi-company strategies in watershed management |
| title_full | Using game theory to assess multi-company strategies in watershed management |
| title_fullStr | Using game theory to assess multi-company strategies in watershed management |
| title_full_unstemmed | Using game theory to assess multi-company strategies in watershed management |
| title_short | Using game theory to assess multi-company strategies in watershed management |
| title_sort | using game theory to assess multi company strategies in watershed management |
| topic | environmental impacts; strategy; watershed |
| url | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S1980-993X2016000300535&lng=pt&nrm=iso&tlng=en |
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