LOG904-114 Game Theory Applied in Logistics (Autumn 2022)

ECTS Credits:: 2.5
Responsible faculty:: Avdeling for logistikk
Campus:: Molde
Course Leader:: Arild Hoff
Teaching language:: English
Study level:: {code=HN, name=Second degree level}
Duration:: 1 week

Schedule (TP) Reading list (Leganto)

This course will provide understanding of the main concepts of Game Theory and its applications in logistics. The topics covered span from the basic notions of as strategies and equilibria, game-trees and backward induction to cooperative games and introduction to mechanism design.

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).

The course is connected to the following study programs

Recommended knowledge

No specific math is required, but some familiarity with basic probability theory is welcomed. Participation in SØK710 Industrial Organization can be a benefit, but not a prerequisite.

The student's learning outcomes after passing the exam

Knowledge:

Understanding of concepts and principles of game-theoretic analysis and their possible applications in the field of logistics.

Skills:

Use concepts and principles of game theory to structure and analyse strategic interactions of agents with different objectives and available actions.

General competence:

Identify problems within logistics that can be approached with the toolbox of game theory.

Forms of teaching and learning

Three hours of lecturing every morning, self-study and group work in the afternoon.

Exam

Form of assessment: Home assessment without presentation

Proportion: 40 %
Duration: To be submitted on Wednesday.
Grouping: Group (up to two students)
Grading scale: Letter (A - F)
Support material: