Coordination Game Analysis through Penalty Scheme in Freight Intermodal Service
Joint Authors
Liu, Jian
Yu, Jianning
Li, Yinzhen
Source
Mathematical Problems in Engineering
Issue
Vol. 2012, Issue 2012 (31 Dec. 2012), pp.1-14, 14 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2012-09-13
Country of Publication
Egypt
No. of Pages
14
Main Subjects
Abstract EN
We study coordination mechanisms through penalty schemes to cooperate the behavior of two firms as successive segment carriers to make transport plan separate in freight intermodal market.
Based on the different cost structure and service level constraint to two firms, we compare the decision making in two possible decision systems, that is, centralized system and decentralized system.
In a centralized system—the first best case as a benchmark is contrasted with decentralized system.
In the decentralized system, a Stackelberg game model is formulated between two firms.
Some discordant decisions would be made by firm I's overestimate motivation and firm II's undersupply motivation.
Our primary objective is to design penalty schemes to coordinate the interactions for two firms.
The study shows in a decentralized system, setting suitable penalty schemes can coordinate the two firms' decision.
We also study the feasible range of penalty parameters, and some important managerial insights are then deduced.
In the end, a numerical example is provided to verify the validity of results, some concluding remarks are presented subsequently.
American Psychological Association (APA)
Liu, Jian& Yu, Jianning& Li, Yinzhen. 2012. Coordination Game Analysis through Penalty Scheme in Freight Intermodal Service. Mathematical Problems in Engineering،Vol. 2012, no. 2012, pp.1-14.
https://search.emarefa.net/detail/BIM-1001442
Modern Language Association (MLA)
Liu, Jian…[et al.]. Coordination Game Analysis through Penalty Scheme in Freight Intermodal Service. Mathematical Problems in Engineering No. 2012 (2012), pp.1-14.
https://search.emarefa.net/detail/BIM-1001442
American Medical Association (AMA)
Liu, Jian& Yu, Jianning& Li, Yinzhen. Coordination Game Analysis through Penalty Scheme in Freight Intermodal Service. Mathematical Problems in Engineering. 2012. Vol. 2012, no. 2012, pp.1-14.
https://search.emarefa.net/detail/BIM-1001442
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1001442