{"id":34753,"date":"2015-10-12T11:17:27","date_gmt":"2015-10-12T10:17:27","guid":{"rendered":"https:\/\/oxforditrc.wpengine.com\/?post_type=itrcpublications&#038;p=34753"},"modified":"2020-07-13T13:21:58","modified_gmt":"2020-07-13T12:21:58","slug":"using-game-theory-to-address-modern-resource-management-problems-and-infrastructure-provision","status":"publish","type":"itrcpublications","link":"https:\/\/www.itrc.org.uk\/itrcpublications\/using-game-theory-to-address-modern-resource-management-problems-and-infrastructure-provision\/","title":{"rendered":"Using game theory to address modern resource management problems and infrastructure provision"},"content":{"rendered":"<ul>\n<li>Global tensions over the provision of water, food and energy are growing in response to demographic change and rapid economic development.<\/li>\n<\/ul>\n<ul>\n<li>Whilst water-food-energy challenges are becoming increasingly interconnected by complex ecological, socio-economic and sociopolitical factors, this complexity is not adequately reflected in assessments of these challenges, or in problem solving.<\/li>\n<\/ul>\n<ul>\n<li>There is a need to integrate multi-actor, multi-objective frameworks for interlinked water-food-energy challenges across scales and between scales, whilst accommodating uncertainty.<\/li>\n<\/ul>\n<ul>\n<li>There are multiple decision making tools available but their ability to replicate the capacity for compromise amongst stakeholders and objectives in real-world decision making processes is limited.<\/li>\n<\/ul>\n<ul>\n<li>Game theory can offer an alternative decision making approach by generating a set of near-optimal, feasible and \u2018stable\u2019 results, allowing the analysis of the various trade-offs involved, and of potential fallback positions. The outputs from such an approach can be practical in real-world situations when compared to the \u2018optimal\u2019, but often impracticable options, given by conventional multi-objective optimisation methods.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.itrc.org.uk\/wp-content\/PDFs\/Using-game-theory-to-address-modern-resource-management-problems-Grantham-Briefing-Note%202_web_2.pdf\">Using game theory to address modern resource management problems and infrastructure provision<\/a>\u00a0(pdf, 270 KB). Grantham Institute Briefing note No 2, September 2015. 6pp.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global tensions over the provision of water, food and energy are growing in response to demographic change and rapid economic development. Whilst water-food-energy challenges are becoming increasingly interconnected by complex ecological, socio-economic and sociopolitical factors, this complexity is not adequately reflected in assessments of these challenges, or in problem solving. There is a need to [&hellip;]<\/p>\n","protected":false},"template":"","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"areas":[69],"class_list":["post-34753","itrcpublications","type-itrcpublications","status-publish","hentry","areas-infrastructure-governance"],"_links":{"self":[{"href":"https:\/\/www.itrc.org.uk\/wp-json\/wp\/v2\/itrcpublications\/34753","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.itrc.org.uk\/wp-json\/wp\/v2\/itrcpublications"}],"about":[{"href":"https:\/\/www.itrc.org.uk\/wp-json\/wp\/v2\/types\/itrcpublications"}],"version-history":[{"count":2,"href":"https:\/\/www.itrc.org.uk\/wp-json\/wp\/v2\/itrcpublications\/34753\/revisions"}],"predecessor-version":[{"id":37722,"href":"https:\/\/www.itrc.org.uk\/wp-json\/wp\/v2\/itrcpublications\/34753\/revisions\/37722"}],"wp:attachment":[{"href":"https:\/\/www.itrc.org.uk\/wp-json\/wp\/v2\/media?parent=34753"}],"wp:term":[{"taxonomy":"areas","embeddable":true,"href":"https:\/\/www.itrc.org.uk\/wp-json\/wp\/v2\/areas?post=34753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}