Facts about the course
- ECTS Credits:
- 2.5
- Responsible department:
- Faculty of Logistics
- Course Leader:
- Arild Hoff
- Lecture Semester:
- Autumn
- Teaching language:
- English
- Duration:
- 1 week
LOG904-114 Game Theory Applied in Logistics (Autumn 2021)
About the course
This course will provide understanding of the main concepts of Game Theory and its applications in logistics research. The lectures will combine theoretical concepts with real market applications, such as the use of coalitional game theory to find fair cost allocation within a supply chain. A considerable attention will be paid to the newest research directions in the area of logistics (e.g. routing games). Depending on the distribution of interests in the group, the focus may be placed either on the non-technical analysis of interactions of the market participants or on the numerical equilibrium modelling.
Topics covered: normal-form games, extensive-form games, main solution concepts (Nash equilibrium, Pareto optimality, etc.), routing games, coalitional games, basic elements of mechanism design and auction theory. Overview of applications of game-theoretic concepts in logistics and supply chain management.
The course is connected to the following study programs
- Master of Science in Logistics
- Experience-based Master in Logistics
- Master of Science in Sustainable Energy Logistics
- Exchange programme - Master's level
- Master of Science in Sustainable Transport and Urban Mobility
Recommended requirements
No specific math is required, but some familiarity with basic probability theory and calculus is an advantage. Participation in SØK710 Industrial Organization can be a benefit, but not a prerequisite.
The student's learning outcomes after completing the course
The students will be able to understand and analyse the game-theoretic approaches used in the contemporary logistics research; and use and apply game theory to modelling and analysis of interactions between parties in real markets and supply chains.
Forms of teaching and learning
the seminar will consist of three hours lecturing every day, with in-class problem solving and discussions. The home assignments will include exercises, based on the material covered in the lectures, and analysis of research papers.
Examination
Form of assessment: Home assessment without presentation
-
Proportion: 40%
-
Duration: -
-
Grouping:Individual
-
Grading scale: Letter (A - F)
-
Comment: Deadline for submission: Wednesday
Form of assessment: Home assessment without presentation
-
Proportion: 60%
-
Duration: -
-
Grouping: Individual
-
Grading scale: Letter (A - F)
-
Deadline for submission: Friday