scholarly journals Optimal strategies for a fishery model applied to utility functions

2021 ◽  
Vol 18 (1) ◽  
pp. 518-529
Author(s):  
Carlos Camilo-Garay ◽  
◽  
R. Israel Ortega-Gutiérrez ◽  
Hugo Cruz-Suárez
Keyword(s):  
Optimal Strategies ◽  
Utility Functions ◽  
Fishery Model

Optimal Strategy of Social Responsibility and Quality Effort in Service Supply Chain with Quality Preference

2018 ◽  
Vol 35 (03) ◽  
pp. 1850018 ◽  
Author(s):  
Cui-Hua Zhang ◽  
Peng Xing ◽  
Jin Li
Keyword(s):  
Game Theory ◽  
Supply Chain ◽  
Social Responsibility ◽  
Numerical Simulations ◽  
Optimal Strategy ◽  
Mathematical Reasoning ◽  
Optimal Strategies ◽  
Utility Functions ◽  
Decision Models ◽  
Service Supply Chain

We investigate the optimal strategy of service supply chain (SSC) including one integrator and two suppliers under a two-layer game structure. Service integrator decides social responsibility and service price, while the two service suppliers with quality preference determine their quality efforts, respectively. By analyzing the two-layer game structure and eight different scenarios of decision models (i.e., CD, DD, ICD, IDD, ISD, SCD, SDD, and SSD), we establish members’ utility functions under different decision models. Meanwhile, based on game theory, the optimal strategies of SSC are obtained. Mathematical reasoning and numerical simulations show that, firstly, quality preference has impact on optimal strategy and members’ utilities under different constraints. Secondly, utility of supply chain with integrator as a leader is greater than the case with suppliers as the leader.

scholarly journals Convergence of utility functions and convergence of optimal strategies

2004 ◽  
Vol 8 (1) ◽  
pp. 133-144 ◽  
Author(s):  
Ely�s Jouini ◽  
Clotilde Napp
Keyword(s):  
Optimal Strategies ◽  
Utility Functions

An Introduction to Uncertain Futures

2018 ◽  
Author(s):  
Jens Beckert ◽  
Richard Bronk
Keyword(s):  
Optimal Strategies ◽  
Theoretical Framework ◽  
Objective Probability ◽  
Political Debate ◽  
Probability Functions ◽  
Market Economies ◽  
Socially Constructed ◽  
The Future ◽  
Radical Uncertainty ◽  
Calculative Practices

This chapter provides a theoretical framework for considering how imaginaries and narratives interact with calculative devices to structure expectations and beliefs in the economy. It analyses the nature of uncertainty in innovative market economies and examines how economic actors use imaginaries, narratives, models, and calculative practices to coordinate and legitimize action, determine value, and establish sufficient conviction to act despite the uncertainty they face. Placing the themes of the volume in the context of broader trends in economics and sociology, the chapter argues that, in conditions of widespread radical uncertainty, there is no uniquely rational set of expectations, and there are no optimal strategies or objective probability functions; instead, expectations are often structured by contingent narratives or socially constructed imaginaries. Moreover, since expectations are not anchored in a pre-existing future reality but have an important role in creating the future, they become legitimate objects of political debate and crucial instruments of power in markets and societies.

A Model for Applying Information and Utility Functions

1963 ◽  
Vol 30 (3) ◽  
pp. 267-273 ◽  
Author(s):  
David Harrah
Keyword(s):  
Utility Functions
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