Issue 1, 2007

Zenkevich N. A., Petrosjan L. A.

Long-term management includes elements of cooperative behavior or full cooperation between agents involved in decision making process. The most appropriate mathematical tool for modeling in this case is the mathematical theory of cooperative differential games. The consideration of optimality principles taken from the classical cooperative game theory shows the time-inconsistency and thus non applicability of these principles in strategic management. In this paper the methods of construction of time consistent solutions is proposed for the problems of strategic management. The authors tried to present a rather complicated material on acceptable level.

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