The Optimal Strategy of Enterprise Key Resource Allocation and Utilization in Collaborative Innovation Project Based on Evolutionary Game

Jiayi Jia, Yongzeng Lai, Zheng Yang and Lin Li
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Jiayi Jia: School of Business, Hunan University, Changsha 410082, China
Yongzeng Lai: Department of Mathematics, Wilfrid Laurier University, Waterloo, ON N2L 3C5, Canada
Zheng Yang: School of Business, Hunan University, Changsha 410082, China
Lin Li: School of Business, Hunan University, Changsha 410082, China

Mathematics, 2022, vol. 10, issue 3, 1-25

Abstract: The rational allocation and utilization of key corporate resources is the key to the success of collaborative innovation projects. Finding an optimal strategy for the allocation and utilization of key resources is of great significance for promoting the smooth progress of cooperative both innovation parties and increasing project returns. Therefore, from the perspective of the repeated games of the project participants, this article studies the optimal allocation and utilization of key resources of the enterprise in collaborative innovation projects. In this study, nine scenarios and eighteen strategic combinations of resources allocation and utilization by collaborative innovation partners are explored. Explicit expressions for the components of sixteen equilibrium points in terms of parameters are derived. Among these equilibrium points, four stable solutions are determined. These stable solutions correspond to the optimal strategies for enterprises allocating key resources and A&R parties to use these resources in different scenarios, and these strategies enable partners to maximize their interests. On this basis, some suggestions are put forward to promote cooperation and improve project performance.

Keywords: evolutionary game; equilibrium; optimal strategy; industry-university-research cooperation; key resource allocation (search for similar items in EconPapers)
JEL-codes: C (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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