Solving Bi-matrix Games with Pay-offs of Triangular In-tuitionistic Fuzzy Numbers
Abstract
This paper presents a solution methodology for bi-matrix games in which pay-off ma-trices are represented by triangular intuitionistic fuzzy numbers (TIFNs). In this methodology, a new ranking function is defined to defuzzify the TIFNs. A non-linear intuitionistic fuzzy (I-fuzzy) programming problem is constructed to conceptualize the term equilibrium solution for such typeof bi-matrix games. It is shown that this non-linear I-fuzzy programming problem is a generaliza-tion of fuzzy non-linear programming problem. Finally, based on the ranking function the problem is transformed into a crisp non-linear programming problem which can be solved to obtain the
equilibrium solution for each player. Numerical simulation is provided to show the validity and applicability of this methodology.
Downloads
Published
2015-04-30
Issue
Section
Game Theory
License
Upon acceptance of an article by the journal, the author(s) accept(s) the transfer of copyright of the article to European Journal of Pure and Applied Mathematics.
European Journal of Pure and Applied Mathematics will be Copyright Holder.
How to Cite
Solving Bi-matrix Games with Pay-offs of Triangular In-tuitionistic Fuzzy Numbers. (2015). European Journal of Pure and Applied Mathematics, 8(2), 153-171. https://ejpam.com/index.php/ejpam/article/view/2332