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The Optimal Strategy of Enterprise Key Resource Allocation and Utilization in Collaborative Innovation Project Based on Evolutionary Game

Author

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  • Jiayi Jia

    (School of Business, Hunan University, Changsha 410082, China)

  • Yongzeng Lai

    (Department of Mathematics, Wilfrid Laurier University, Waterloo, ON N2L 3C5, Canada)

  • Zheng Yang

    (School of Business, Hunan University, Changsha 410082, China)

  • Lin Li

    (School of Business, Hunan University, Changsha 410082, China)

Abstract

The rational allocation and utilization of key corporate resources is the key to the success of collaborative innovation projects. Finding an optimal strategy for the allocation and utilization of key resources is of great significance for promoting the smooth progress of cooperative both innovation parties and increasing project returns. Therefore, from the perspective of the repeated games of the project participants, this article studies the optimal allocation and utilization of key resources of the enterprise in collaborative innovation projects. In this study, nine scenarios and eighteen strategic combinations of resources allocation and utilization by collaborative innovation partners are explored. Explicit expressions for the components of sixteen equilibrium points in terms of parameters are derived. Among these equilibrium points, four stable solutions are determined. These stable solutions correspond to the optimal strategies for enterprises allocating key resources and A&R parties to use these resources in different scenarios, and these strategies enable partners to maximize their interests. On this basis, some suggestions are put forward to promote cooperation and improve project performance.

Suggested Citation

  • Jiayi Jia & Yongzeng Lai & Zheng Yang & Lin Li, 2022. "The Optimal Strategy of Enterprise Key Resource Allocation and Utilization in Collaborative Innovation Project Based on Evolutionary Game," Mathematics, MDPI, vol. 10(3), pages 1-25, January.
    • Handle: RePEc:gam:jmathe:v:10:y:2022:i:3:p:400-:d:736202
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    References listed on IDEAS

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    1. Feng-Jyh Lin & ChihuFeng Lai, 2021. "Key factors affecting technological capabilities in small and medium-sized Enterprises in Taiwan," International Entrepreneurship and Management Journal, Springer, vol. 17(1), pages 131-143, March.
    2. Zhengxin Wang & Minghuan Shou & Shuai Wang & Ruinan Dai & Keqian Wang, 2019. "An Empirical Study on the Key Factors of Intelligent Upgrade of Small and Medium-sized Enterprises in China," Sustainability, MDPI, vol. 11(3), pages 1-16, January.
    3. Bai, Xue-Jie & Li, Zhen-Yang & Zeng, Jin, 2020. "Performance evaluation of China's innovation during the industry-university-research collaboration process—an analysis basis on the dynamic network slacks-based measurement model," Technology in Society, Elsevier, vol. 62(C).
    4. Dellestrand, Henrik & Kappen, Philip, 2011. "Headquarters Allocation of Resources to Innovation Transfer Projects within the Multinational Enterprise," Journal of International Management, Elsevier, vol. 17(4), pages 263-277.
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    1. Hao Fu & Yue Liu & Pengfei Cheng & Sijie Cheng, 2022. "Evolutionary Game Analysis on Innovation Behavior of Digital Financial Enterprises under the Dynamic Reward and Punishment Mechanism of Government," Sustainability, MDPI, vol. 14(19), pages 1-18, October.

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