Strategic Analysis for a Technological Service Industry: A Differential Game Model
作者:
KostrevaMichael M.,
期刊:
Journal of the Operational Research Society
(Taylor Available online 1990)
卷期:
Volume 41,
issue 7
页码: 573-582
ISSN:0160-5682
年代: 1990
DOI:10.1057/jors.1990.81
出版商: Taylor&Francis
关键词: game theory;industrial applications
数据来源: Taylor
摘要:
AbstractThis paper describes the application of a differential game model in which technological as well as economic strategies are present. Inventory is not considered, so the products of each firm may be thought of as services. The solution concept is the memoryless closed-loop Nash equilibrium, which is computed by numerical approximation. Effects of changes in technology purchase prices, salvage values at the end of the planning horizon and initial production capacities are studied on realistic data. Managerial policies of demand-capacity balance are examined, and the effects of tight controls are observed. Analyses to show the impact of cost-reduction differentials of new technologies are presented. The insights obtained by the use of such a model can be quite significant, and sizable advantages may be gained through their application.
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