A fuzzy approach to cooperative n-person games

A fuzzy approach to cooperative n-person games

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Article ID: iaor20084655
Country: Netherlands
Volume: 176
Issue: 3
Start Page Number: 1735
End Page Number: 1751
Publication Date: Feb 2007
Journal: European Journal of Operational Research
Authors: , , ,
Keywords: fuzzy sets
Abstract:

The object of this paper is to provide a systematic treatment of bargaining procedures as a basis for negotiation. An innovative fuzzy logic approach to analyze n-person cooperative games is developed. A couple of indices, the Good Deal Index and the Counterpart Convenience Index are proposed to characterize the heuristic of bargaining and to provide a solution concept. The indices are examined theoretically and experimentally by analyzing three case studies. The results verify the validity of the approach.

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