Static game theory models and their applications in management science

In the present paper, the authors give a brief review of static game models and their applications in management science. The present intention here is twofold: On the one hand, they would like to provide the reader with an overview of game theory and its applications in management science. On the other hand, the authors intend to explore the mathematical tractability of management science problems when formulating them as game theory models. To make the paper not too extensive, they restrict their attention to static game theory models and five management science related areas. The discussion starts by a general description of static game theory models and their solution schemes and follows by an investigation of game theory applications. At the end of the survey, the authors provide a brief description of some other approaches of game theory.