Multi-criteria decision-making using game theory technique with application to oil production and price / (Record no. 102517)

MARC details
000 -LEADER
fixed length control field 04650ntm a2200337 i 4500
003 - CONTROL NUMBER IDENTIFIER
control field MY-KuUP
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20251125111039.0
006 - FIXED-LENGTH DATA ELEMENTS--ADDITIONAL MATERIAL CHARACTERISTICS
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007 - PHYSICAL DESCRIPTION FIXED FIELD--GENERAL INFORMATION
fixed length control field ta
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 250514b ||||| |||| 00| 0 eng d
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number THE0010052 (Local)
Qualifying information Hardback
040 ## - CATALOGING SOURCE
Original cataloging agency UMPSA
Language of cataloging eng
Transcribing agency UMPSA
Description conventions rda
090 ## - LOCALLY ASSIGNED LC-TYPE CALL NUMBER (OCLC); LOCAL CALL NUMBER (RLIN)
Classification number (OCLC) (R) ; Classification number, CALL (RLIN) (NR) PSM .A37 2024 r Thesis
100 0# - MAIN ENTRY--PERSONAL NAME
Personal name Muhammad Akram Ramadhan Ibrahim,
Relator term author.
245 10 - TITLE STATEMENT
Title Multi-criteria decision-making using game theory technique with application to oil production and price /
Statement of responsibility, etc. Muhammad Akram Ramadhan Bin Ibrahim
264 #1 - PRODUCTION, PUBLICATION, DISTRIBUTION, MANUFACTURE, AND COPYRIGHT NOTICE
Place of production, publication, distribution, manufacture Kuantan Pahang :
Name of producer, publisher, distributor, manufacturer UMPSA,
Date of production, publication, distribution, manufacture, or copyright notice 2024
264 #4 - PRODUCTION, PUBLICATION, DISTRIBUTION, MANUFACTURE, AND COPYRIGHT NOTICE
Date of production, publication, distribution, manufacture, or copyright notice © 2024
300 ## - PHYSICAL DESCRIPTION
Extent xviii, 177 pages :
Other physical details Illustrations (some colour) ;
Dimensions 30 cm.+
Accompanying material 1 CD-ROM
336 ## - CONTENT TYPE
Source rdacontent
Content type term text
337 ## - MEDIA TYPE
Source rdamedia
Media type term unmediated
338 ## - CARRIER TYPE
Source rdacarrier
Carrier type term volume
347 ## - DIGITAL FILE CHARACTERISTICS
Source rda
File type text file
Encoding format PDF
500 ## - GENERAL NOTE
General note Center for Mathematical Sciences
502 ## - DISSERTATION NOTE
Dissertation note Thesis (Doctor of Philosophy) -- Universiti Malaysia Pahang – 2024
504 ## - BIBLIOGRAPHY, ETC. NOTE
Bibliography, etc. note Center for Mathematical Sciences
520 3# - SUMMARY, ETC.
Summary, etc. Numerous studies have integrated game theory techniques with multi-criteria decisionmaking (MCDM) methods to address real-world problems. This research offers a thorough examination of the hybrid approach combining game theory techniques and MCDM methods. This thesis addresses three significant problems. The first problem identified in this research is the need to refine the trade-off ranking (TOR) method to better accommodate scenarios involving redundant extreme solutions. Redundant extreme solutions can arise in situations where the TOR method fails to effectively discriminate between multiple optimal solutions that do not significantly differ in their trade-off levels. The second problem is the multi-Nash equilibria selection, which fails to determine which Nash equilibrium (NE) is superior among multiple Nash equilibria. When multiple Nash equilibria exist, traditional approaches do not provide guidance on which equilibrium should be chosen. The third problem is the lack of research integrating game theory and MCDM methods to study trends in oil production and price. To address these problems, this research proposes refinements to the TOR method to better handle scenarios involving redundant extreme solutions, thereby enhancing decision-making efficiency. Later, a specific focus is given to the Shapley trade-off ranking method (STOR), a hybrid game theory technique and MCDM method. There is a discernible gap in the literature regarding the application of game theory technique and MCDM method to address issues related to oil production and price. The overarching goal of this research is to propose a ranked list of optimal oil production strategies, considering various political and economic criteria, in response to fluctuating oil prices. By exploring this intersection of game theory and MCDM in the context of oil-related challenges, this study aims to contribute valuable insights for addressing the intricate dynamics of the oil industry in the face of contemporary global uncertainties. This research uses the triangular fuzzy number to represent experts’ opinions by assessing the strategies, criteria and alternatives. A questionnaire is administered to collect information from decisionmakers. For the game theory computations, Gambit software is used to derive Nash equilibria. Shapley values are calculated using Microsoft Excel for characteristic functions and R software for Shapley value computation. The TOR and TOPSIS methods are thoroughly executed with Microsoft Excel. To evaluate the robustness of the decisionmaking process, the S-TOR method has been systematically compared with the TOPSIS method. The result suggests the ranking of the Nash equilibrium studied using the proposed method where the best strategy for Malaysia is to increase oil production while the best strategy for Organization of the Petroleum Exporting Countries (OPEC) is to maintain its oil production to stabilize the oil price. Future developments for the fuzzy and S-TOR approach include the addition of more players or an expansion of the criteria list, and the use of other fuzzy numbers to reflect an assessment of the DMs. Both practical applications and scholarly knowledge are increased by this research. One advantage of oil production and price analysis is the ability to plan optimal amounts of oil output to assist in avoiding oversupply issues
610 20 - SUBJECT ADDED ENTRY--CORPORATE NAME
Corporate name or jurisdiction name as entry element Center for Mathematical Sciences
General subdivision Dissertations
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Universities and colleges
General subdivision Dissertations
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Theses
General subdivision Dissertations
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Source of classification or shelving scheme Library of Congress Classification
Koha item type Thesis
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Home library Current library Date acquired Total checkouts Full call number Barcode Date last seen Price effective from Koha item type
  Not lost Library of Congress Classification   In Transit UMPLIB GAMBANG UMPLIB GAMBANG 14/05/2025   PSM .A37 2024 r Thesis T000003481 14/05/2025 14/05/2025 Thesis
  Not lost Library of Congress Classification   In Transit UMPLIB GAMBANG UMPLIB GAMBANG 14/05/2025   CD13725 T000003482 14/05/2025 14/05/2025 Thesis

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