Research on R&D Cooperation of Petrochemical Enterprise Based on Game Theory

Abstract:

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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:

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 and 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:

$35.00

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