| Title | Learning strategic cooperative behavior in industrial symbiosis: A game-theoretic approach integrated with agent-based simulation |
|---|---|
| ID_Doc | 5986 |
| Authors | Yazan, DM; Yazdanpanah, V; Fraccascia, L |
| Title | Learning strategic cooperative behavior in industrial symbiosis: A game-theoretic approach integrated with agent-based simulation |
| Year | 2020 |
| Published | Business Strategy And The Environment, 29, 5 |
| Abstract | This paper investigates the negotiation phase of industrial symbiosis relationships, where companies exchanging wastes for inputs need to develop strategies on how to share the additional costs to operate the industrial symbiosis business. The business behavior is approached as a "coopetition" problem where companies need to cooperate to reduce waste discharge costs and traditional input purchase costs and dive into competition to pay a minimum share of additional costs (i.e., waste treatment, waste transportation, and transaction costs) of operating industrial symbiosis. A noncooperative game-theoretical model for sharing the additional costs is proposed that highlights the two strategies that companies can adopt aimed at sharing costs: a fair strategy and an opportunistic strategy. Then, an agent-based model is used to simulate the game iterated over time and investigate how the players can adapt their strategies according to their past experience. Simulation results show that players learn that playing the fair strategy is beneficial in the long period, despite in the short period they can gain more benefit by playing the opportunistic strategy. Findings of the paper are critically important to reduce the business and managerial barriers against the formation of industrial symbiosis networks and to stimulate innovative thinking of company managers to foster the development of the circular economy. The paper proposes theoretical, managerial, and policy implications, which are discussed in detail in a comparative manner between linear and circular economy. |
| https://onlinelibrary.wiley.com/doi/pdfdirect/10.1002/bse.2488 |
Similar Articles
| ID | Score | Article |
|---|---|---|
21085
|
Yazan, DM; Fraccascia, L Sustainable operations of industrial symbiosis: an enterprise input-output model integrated by agent-based simulation(2020)International Journal Of Production Research, 58.0, 2 | |
| 21721
|
Fraccascia, L; Yazan, DM; Albino, V; Zijm, H The role of redundancy in industrial symbiotic business development: A theoretical framework explored by agent-based simulation(2020) | |
| 26139
|
Li, JS; Fan, HM Symbiotic Cooperative Game Analysis on Manufacturers in Recycling of Industrial Wastes(2013) | |
| 17599
|
He, M; Jin, YL; Zeng, HX; Cao, J Pricing decisions about waste recycling from the perspective of industrial symbiosis in an industrial park: A game model and its application(2020) | |
| 23209
|
Fraccascia, L; Yazdanpanah, V; van Capelleveen, G; Yazan, DM A Framework of Industrial Symbiosis Systems for Agent-based Simulation(2019) | |
| 18412
|
Demartini, M; Tonelli, F; Govindan, K An investigation into modelling approaches for industrial symbiosis: A literature review and research agenda(2022) | |
| 23549
|
Daquin, C; Allaoui, H; Goncalves, G; Hsu, T Collaborative Lot-Sizing problem for an Industrial Symbiosis(2019)Ifac Papersonline, 52, 13 | |
| 25981
|
Fraccascia, L; Yazan, DM The role of online information-sharing platforms on the performance of industrial symbiosis networks(2018) |