Ship tonnages determined by the world economic growth with game theory

Devran Yazır, Bekir Şahin, Tsz Leung Yip

Research output: Journal article publicationJournal articleAcademic researchpeer-review

Abstract

Game theory is a discipline that examines subjects such as negotiation, conflict and cooperation between individuals, organizations, and companies by using mathematical models. Game theory is interested in understanding interaction between companies each other companies and individuals, particular decisions made by individuals and their effects on other individuals. The aim of the study is to investigate the maritime companies in a competitive environment where economic imbalances take place. For this purpose, the economic data reached through the International Monetary Fund (IMF) have been used. In this study, the effect of the increase in the economy over the increase in the tonnage of maritime transport and the effects of the tonnage over the excess or shortage in the market are calculated by using the game theory technique. In this respect, the issue of how long the overall tonnage increase should continue in the economy is taken into consideration. At the same time, moving economically with forward-looking estimates has also made the decision-making process more difficult.

Original languageEnglish
Pages (from-to)300-305
Number of pages6
JournalTurkish Journal of Engineering
Volume6
Issue number4
DOIs
Publication statusPublished - Oct 2022

Keywords

  • Competition Environment
  • Decision Making
  • Game Theory
  • Maritime Companies
  • Mathematical Model

ASJC Scopus subject areas

  • Engineering (miscellaneous)

Fingerprint

Dive into the research topics of 'Ship tonnages determined by the world economic growth with game theory'. Together they form a unique fingerprint.

Cite this