Security is a concern of major importance to governments and companies throughout the world. With limited resources, complete coverage of potential points of attack is not possible. Deterministic allocation of available law enforcement agents introduces predictable vulnerabilities that can be exploited by adversaries. Strategic randomization is a game theoretic alternative that we implement in ...

One of the most complicated decision making problems for managers is the evaluation of bank performance, which involves various criteria. There are many studies about bank efficiency evaluation by network DEA in the literature review. These studies do not focus on multi-level network. Wu (Eur J Oper Res 207:856–864, 2010) proposed a bi-level structure for cost efficiency at the first time. In t...

The interaction between fiscal and monetary policy is analyzed by means of a game theoretical approach. The coordination between those two policies is essential, since decisions taken by one institution may have disastrous effects on the other one, resulting in welfare loss for the society. We derived optimal monetary and fiscal policies in context of three coordination schemes: when each insti...

This paper is concernedwith a leader–follower stochastic differential gamewith asymmetric information, where the information available to the follower is based on some sub-σ -algebra of that available to the leader. Such kind of game problem has wide applications in finance, economics and management engineering such as newsvendor problems, cooperative advertising and pricing problems. Stochasti...