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http://hdl.handle.net/10397/93931
Title: | Improved fuzzy AHP based game-theoretic model for shipyard selection | Authors: | Sahin, B Yazir, D Soylu, A Yip, TL |
Issue Date: | 1-Aug-2021 | Source: | Ocean engineering, 1 Aug. 2021, v. 233, 109060 | Abstract: | Shipowners face the challenge of selecting shipyards to build a new ship, as shipyards are highly similar in terms of capacity and capability but highly heterogeneous with a variety of incentives to shipowners. Building a new ship takes at months and is very expensive, and selecting a prospective shipyard demands the shipowners to have a wealth of experience and knowledge. We develop an improved fuzzy AHP (IFAHP) based game-theoretic model to analyze two competitive shipyards. This model allows us to conduct pairwise comparisons on risks of selecting competitive shipyards. A case study in which two shipyards offering prospective services to the shipowners is conducted with several rounds of expert consultations. This study contributes to the literature by providing both the players and beneficiaries of a game with considerable insights on shipbuilding. We discuss some practical implications for both the shipowners and shipyards. | Keywords: | Game theory Group decision making IFAHP Risk assessment Shipping business Shipyards |
Publisher: | Pergamon Press | Journal: | Ocean engineering | ISSN: | 0029-8018 | DOI: | 10.1016/j.oceaneng.2021.109060 | Rights: | © 2021 Elsevier Ltd. All rights reserved. © 2021. This manuscript version is made available under the CC-BY-NC-ND 4.0 license https://creativecommons.org/licenses/by-nc-nd/4.0/ The following publication Sahin, B., Yazir, D., Soylu, A., & Yip, T. L. (2021). Improved fuzzy AHP based game-theoretic model for shipyard selection. Ocean Engineering, 233, 109060 is available at https://doi.org/10.1016/j.oceaneng.2021.109060. |
Appears in Collections: | Journal/Magazine Article |
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Yip_Improved_Fuzzy_Ahp.pdf | Pre-Published version | 1.32 MB | Adobe PDF | View/Open |
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