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Abstract
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Article Information:
Application of Cost Allocation Concepts of Game Theory Approach for Cost Sharing Process
Mojtaba Valinejad Shoubi, Azin Shakiba Barough and Omidreza Amirsoleimani
Corresponding Author: Mojtaba Valinejad Shoubi
Submitted: November 27,2012
Accepted: December 17, 2012
Published: April 10, 2013 |
Abstract:
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Dissatisfaction among involved parties regarding the ways of cost allocation is ordinary in the joint
ventures, since each party attempts to get more interest caused by making the coalition. Various cost allocation
methods such as proportional methods, some methods in cooperative game theory approach and etc have been used
for the purpose of cost sharing in the joint projects. In this study the Nucleolus, Shapley value and SCRB as the cost
sharing concepts in game theory approach have been used to investigate their effectiveness in fairly joint cost
allocation between parties involved in constructing the joint water supply system. Then the results derived from
these methods have been compared with the results of the traditional proportional to population and demand
methods. The results indicated that the proportional methods may not lead to a fairly cost allocation while the
Nucleolus, SCRB and the Shapley value methods can establish adequate incentive for cooperation.
Key words: Cost allocation, cooperative game theory approach, proportional distribution, SCRB method, the Shapley Value method, the nucleolus method,
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Cite this Reference:
Mojtaba Valinejad Shoubi, Azin Shakiba Barough and Omidreza Amirsoleimani, . Application of Cost Allocation Concepts of Game Theory Approach for Cost Sharing Process. Research Journal of Applied Sciences, Engineering and Technology, (12): 3457-3464.
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ISSN (Online): 2040-7467
ISSN (Print): 2040-7459 |
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