Ship tonnages determined by the world economic growth with game theory

Year 2022, Volume: 6 Issue: 4, 300 - 305, 15.10.2022

Devran Yazır , Bekir Şahin , T.l. Yıp

https://doi.org/10.31127/tuje.1001664

Abstract

Game theory is a discipline that examines subjects such as negotiation, conflict and cooperation between individuals, organizations, and companies by using mathematical models. Game theory is interested in understanding interaction between companies each other companies and individuals, particular decisions made by individuals and their effects on other individuals. The aim of the study is to investigate the maritime companies in a competitive environment where economic imbalances take place. For this purpose, the economic data reached through the International Monetary Fund (IMF) have been used. In this study, the effect of the increase in the economy over the increase in the tonnage of maritime transport and the effects of the tonnage over the excess or shortage in the market are calculated by using the game theory technique. In this respect, the issue of how long the overall tonnage increase should continue in the economy is taken into consideration. At the same time, moving economically with forward-looking estimates has also made the decision-making process more difficult.

Keywords

Decision Making, Competition Environment, Game Theory, Maritime Companies, Mathematical Model

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