Game-theoretic paradigms in collaborative research: Part 1 - theoretical background Online publication date: Wed, 14-Jan-2015
by Yupo Chan; Jeffrey McCarthy
International Journal of Society Systems Science (IJSSS), Vol. 6, No. 4, 2014
Abstract: We wish to better understand how to be successful in conducting collaborative scientific research in today's knowledge-based economy. The goal of industry- or government-supported research is to ultimately benefit the sponsor and society. The measure of success is validated by the implementation of research results among the sponsoring industries or governments, resulting in economic advancement and other benefits. Employing participants in today's supply chain, we will specifically examine the effectiveness of industry-funded logistics-research when disseminated to the constituent enterprises. Our focus is the multi-party dynamics of knowledge dissemination, acceptance and its translation into implementation. To understand the chemistry among participants, we review game theory and information value theory, both of which determine the effectiveness of collaborative research, considering the coexistence of cooperation and competition among participating enterprises.
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