Since 2014
Strategic decision-making and game theoretic approach for the commercialization of nanotechnology
Intellectual Economics
View Archive Info| Field | Value | |
| Title |
Strategic decision-making and game theoretic approach for the commercialization of nanotechnology
Strateginių sprendimų priėmimas ir lošimų teorijos pritaikymas nanotechnologijų komerciniams tikslams |
|
| Creator |
Pathak, Rohit
Joshi, Satyadhar Ludhiyani, Arpit |
|
| Subject |
game theory; HPC (High Performance Computing); business; nanotechnology
C600; C680; C790; C890 lošimų teorija; ypač tikslūs skaiciavimai; verslas; nanotechnologija C600; C680; C790; C890 |
|
| Description |
Game theory cannot be implemented successfully until practical models and the platform on which it can be simulated are explored. The applications of the game theory for various technical problems are introduced and a model for nanotechnology is developed. Recent applications of nanotechnology are considered for model development, with a focus on its application in companies wishing to implement nanotechnology in their future products. The implementation of such models is met by an HPC setup which is used for the developed game theory-based computations for the commercialization of nanotechnology. A classical game is defined depending on various parameters required to predict the rate of commercialization of a nano device. The rate of commercialization is developed and the gaming model is modelled with reference to the commercialization theory. Equilibrium cases pertaining to business in nano domains are studied and a proposal on the impact of various strategic profiles with the payoff is computed. This study is applicable in the study of nanotech wars which may resort to extensive use of nano materials. It can also be used for the estimation of time taken for the commercialization of a nano device. The strategy of a company for the commercialization and implementation of a novel nano device can be affected by other companies’ efforts to do the same; therefore, the need of strategic decision-making emerges. In such strategic conditions, the model may assists companies in their decision-making. In this case, the modelling complexity increases; this aspect has been addressed and the modelling was simplified seeking for a better understanding of the phenomenon.
Lošimų teorija sėkmingai gali būti taikoma tik ištyrus praktinius jos taikymo modelius. Straipsnyje apžvelgiamos modelių kūrimo problemos remiantis nanotechnologijų komerciniu pavyzdžiu. Vertinami situacijų skaitmeniniai nanoįrangos modeliai, pusiausvyros situacijos, jų pritaikymas skirtingiems strateginiams atvejams plačiau komerciniais tikslais taikant nanoįrangą. |
|
| Publisher |
Mykolas Romeris University
|
|
| Contributor |
—
— |
|
| Date |
2013-09-20
|
|
| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — — |
|
| Format |
application/pdf
|
|
| Identifier |
https://www3.mruni.eu/ojs/intellectual-economics/article/view/1175
|
|
| Source |
Intelektinė ekonomika; Vol 2, No 8 (2010): Intellectual Economics; 47–56
Intellectual Economics; Vol 2, No 8 (2010): Intellectual Economics; 47–56 1822-8038 1822-8011 |
|
| Language |
eng
|
|
| Relation |
https://www3.mruni.eu/ojs/intellectual-economics/article/view/1175/1127
|
|
| Rights |
Copyright (c) 2014 Intellectual Economics
|
|