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On multiobjective oligopoly
E Ahmed1, A S Hegazi, A T Abd El-Hafez
1Mathematics Dept., Faculty of Sciences, Al-Ain, P.O. Box 17551, United Arab Emirates.
Nonlinear Dynamics, Psychology, and Life Sciences
|July 24, 2003
Abstract:
Multiobjective oligopoly models are constructed. The objectives of the first two models are to maximize profits and to maximize sales. In the third model the objectives are to maximize profits and to minimize risk. Giving more weight to risk minimization decreased the profits. In all three models, we found that the weight of profit maximization has to be higher than a given threshold. Again they require that the weight of profit maximization has to be higher than a certain value.