On the core of cooperative grey games under bubbly uncertainty

This paper introduces a novel category of cooperative games called cooperative bubbly grey games, in which the value of each coalition is represented by a grey bubble rather than a numerical value. To be exact, rather of using actual numbers, the coalition values are rep- resented as bubbles. Accordingly, we use the cooperative grey game model to overcome the bubbly uncertainty. Both the idea of the bub- bly core and the cooperative bubbly game concept are introduced. Grey data may be used as a tool in cooperative grey games to address pro t or cost-sharing challenges. When considering cooperative grey bubbly games, we can take the advantage of the fact that each bubble are characterized exactly by grey numbers where the logarithmic grey price process is represented with bubbles. Additionally, the bubbly core, a novel solution concept, is presented. In addition, a numerical example is provided along with a required criterion for non-emptiness of the bubbly grey core of such a game.

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Publication Details

Journal
Journal of Turkish Operations Management
Published
2024-12-31
DOI
https://doi.org/10.56554/jtom.1285698
Citations
2
Primary Topic
Risk and Portfolio Optimization
Type
article
Field-Weighted Citation Impact
0.98
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article

On the core of cooperative grey games under bubbly uncertainty

Sırma Zeynep Alparslan Gök, Gerhard‐Wilhelm Weber, İsmail Özcan
2 citations
Journal of Turkish Operations Management
Risk and Portfolio Optimization
0.98
article

On the core of cooperative grey games under bubbly uncertainty

Sırma Zeynep Alparslan Gök, Gerhard‐Wilhelm Weber, İsmail Özcan
article en
2 citations

Abstract

This paper introduces a novel category of cooperative games called cooperative bubbly grey games, in which the value of each coalition is represented by a grey bubble rather than a numerical value. To be exact, rather of using actual numbers, the coalition values are rep- resented as bubbles. Accordingly, we use the cooperative grey game model to overcome the bubbly uncertainty. Both the idea of the bub- bly core and the cooperative bubbly game concept are introduced. Grey data may be used as a tool in cooperative grey games to address pro t or cost-sharing challenges. When considering cooperative grey bubbly games, we can take the advantage of the fact that each bubble are characterized exactly by grey numbers where the logarithmic grey price process is represented with bubbles. Additionally, the bubbly core, a novel solution concept, is presented. In addition, a numerical example is provided along with a required criterion for non-emptiness of the bubbly grey core of such a game.

Journal of Turkish Operations ManagementVol. 8(2)
Suleyman Demirel University (KZ), Poznań University of Technology (PL)
Openalex Percentile: Top 19%
Risk and Portfolio Optimization
0.98
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On the core of cooperative grey games under bubbly uncertainty — Sırma Zeynep Alparslan Gök, Gerhard‐Wilhelm Weber, et al. · Journal of Turkish Operations Management (2024) | TGRS Research Map | TGRS