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An Intelligent Algorithm for Solving the Efficient Nash Equilibrium of a Single-Leader Multi-Follower Game

Authors :
Lu-Ping Liu
Wen-Sheng Jia
Source :
Mathematics, Vol 9, Iss 5, p 454 (2021)
Publication Year :
2021
Publisher :
MDPI AG, 2021.

Abstract

This aim of this paper is to provide the immune particle swarm optimization (IPSO) algorithm for solving the single-leader–multi-follower game (SLMFG). Through cooperating with the particle swarm optimization (PSO) algorithm and an immune memory mechanism, the IPSO algorithm is designed. Furthermore, we define the efficient Nash equilibrium from the perspective of mathematical economics, which maximizes social welfare and further refines the number of Nash equilibria. In the end, numerical experiments show that the IPSO algorithm has fast convergence speed and high effectiveness.

Details

Language :
English
ISSN :
22277390
Volume :
9
Issue :
5
Database :
Directory of Open Access Journals
Journal :
Mathematics
Publication Type :
Academic Journal
Accession number :
edsdoj.8738c475615a448b9b9f37668d48e9c7
Document Type :
article
Full Text :
https://doi.org/10.3390/math9050454