Decision Making with Iterative Game under the Semi-Perfect Information
2024
Decision making framework with an iterative game structure has been proposed.In the proposed structure, the maximum benefit for each player is resolved by the iteration process.Based on the payoff matrix, the optimal solution is sought by comparing it with the criterion set by the players.To maximize the benefit for each party (buyer and seller), an iterative game structure is proposed based on the given payoff matrix and iterative machine.For real-world application, practical example is considered, and a feasible solution is obtained.In comparison with the existing body of research on game theory under semi-perfect information, the provided solution is far from their payoff but the result would be acceptable for two parties.