Game Theoretic Analysis Of Two-Period-Dependent Degraded Multistate Reliability Systems
AbstractA system of two components is analyzed as a two-period game. After period 1 the system can be fully operational, in two states of intermediate degradation, or fail. Analogously to changing failure rates in dependent systems analyzed with Markov analysis, unit costs of defense and attack, and contest intensities, change in period 2. As the values of the two intermediate states increase from zero which gives the series system, towards their maxima which gives the parallel system, the defender becomes more advantaged, and the attacker more disadvantaged. Simulations illustrate the players' efforts in the two time periods and utilities dependent on parametric changes. The defender withdraws from defending the system when the values of both degraded states are very low. The attacker withdraws from attacking the system when the values of both degraded states are very high. In the benchmark case the defender prefers the one-period game and the attacker prefers the two-period game, but if the attacker's unit cost of attack is large for one component, and the value of the degraded system with this component operational is above a low value, the defender prefers the two-period game to obtain high utility in period 2 against a weak attacker. When the values of the degraded states are above certain low values, the players exert higher efforts in period 1 of a two-period game than in a one-period game, as investments into the future to ensure high versus low reliability in period 2.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by World Scientific Publishing Co. Pte. Ltd. in its journal International Game Theory Review.
Volume (Year): 13 (2011)
Issue (Month): 03 ()
Contact details of provider:
Web page: http://www.worldscinet.com/igtr/igtr.shtml
Find related papers by JEL classification:
- B4 - Schools of Economic Thought and Methodology - - Economic Methodology
- C0 - Mathematical and Quantitative Methods - - General
- C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
- C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
- D5 - Microeconomics - - General Equilibrium and Disequilibrium
- D7 - Microeconomics - - Analysis of Collective Decision-Making
- M2 - Business Administration and Business Economics; Marketing; Accounting - - Business Economics
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Tai Tone Lim).
If references are entirely missing, you can add them using this form.