Paper Title:
Research on R&D Cooperation of Petrochemical Enterprise Based on Game Theory
  Abstract

In this paper, it is researched the cooperated R&D problem in new petrochemical product development for petrochemical enterprise. Based on game theory, a cooperated R&D game theory is established. Given the payoff matrix and the strategy set of this model, and it is analyzed the game process of the two players and the dominant strategy. For the reasons of high development costs, great failure loss, individual limited rationality and lack mutual trust, this dominant strategy cannot be achieved in practice. This paper also provides us a pattern for analyze the cooperated R&D between enterprises and institute.

  Info
Periodical
Chapter
Chapter 4: Frontiers of Energy Engineering and Materials
Edited by
Dongye Sun, Wen-Pei Sung and Ran Chen
Pages
2257-2261
DOI
10.4028/www.scientific.net/AMM.71-78.2257
Citation
W. F. Tan, B. Zhang, "Research on R&D Cooperation of Petrochemical Enterprise Based on Game Theory", Applied Mechanics and Materials, Vols. 71-78, pp. 2257-2261, 2011
Online since
July 2011
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Price
$32.00
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