Assigning Business Processes: A Game-Theoretic Approach

Evangelos D. Spyrou, Dimitris Mitrakos

2017

Abstract

Business processes are essential for the successful growth of an organisation. Business models aim to organise such processes and invoke the necessary processes for particular tasks. Such a mechanism is responsible for the appropriate response and time management of the business strategy of a corporation. To this end, we formulate a scenario where business processes need to be invoked according to the expenditures of their operation, in order to complete a transaction in a market model. We model such a mechanism using game theory and we produce a characteristic function that we maximise, in order to reduce the cost of the business processes. We employ the well-known assignment game to form business process coalitions and minimise the business operation cost in the market.

Paper Citation

in Harvard Style

Spyrou E. and Mitrakos D. (2017). Assigning Business Processes: A Game-Theoretic Approach. In Proceedings of the Seventh International Symposium on Business Modeling and Software Design - Volume 1: BMSD, ISBN 978-989-758-238-7, pages 167-172. DOI: 10.5220/0006528501670172

in Bibtex Style

@conference{bmsd17,
author={Evangelos D. Spyrou and Dimitris Mitrakos},
title={Assigning Business Processes: A Game-Theoretic Approach},
booktitle={Proceedings of the Seventh International Symposium on Business Modeling and Software Design - Volume 1: BMSD,},
year={2017},
pages={167-172},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0006528501670172},
isbn={978-989-758-238-7},
}

in EndNote Style

TY - CONF

JO - Proceedings of the Seventh International Symposium on Business Modeling and Software Design - Volume 1: BMSD,
TI - Assigning Business Processes: A Game-Theoretic Approach
SN - 978-989-758-238-7
AU - Spyrou E.
AU - Mitrakos D.
PY - 2017
SP - 167
EP - 172
DO - 10.5220/0006528501670172