Application of Shapley Value Method in Profits Allocation of Cooperation of Enterprises, Colleges and Institutes
Shu Qin Wu
Abstract
Shu Qin Wu
Abstract
Cooperation of enterprises, colleges and institutes in essence is the management of knowledge supply chain. The cooperation can bring about excess earnings, with fair and reasonable profit allocation playing the role of power mechanism which facilitates cooperation of partners. We adopt a method that combines qualitative and quantitative research and establishes the profit allocation mechanism bonding cooperation of enterprises, colleges and institutes. Empirical analysis of cooperation profits allocation methods are carried out with the application of Shapley value.
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Cooperation of enterprises, colleges and institutes in essence is the management of knowledge supply chain. The cooperation can bring about excess earnings, with fair and reasonable profit allocation playing the role of power mechanism which facilitates cooperation of partners. We adopt a method that combines qualitative and quantitative research and establishes the profit allocation mechanism bonding cooperation of enterprises, colleges and institutes. Empirical analysis of cooperation profits allocation methods are carried out with the application of Shapley value.
Key concepts: Shapley value, Earnings, Profit (economics), Business, Industrial organization, Microeconomics, Value (mathematics), Mechanism (biology)