The application of Nash equilibrium in resolving the conflict between efficiency and cost in selecting sewage treatment systems is an emergent topic in the literature. Traditional decision-making models often prioritize cost minimization, potentially overlooking environmental efficiency. By integrating game theory, particularly Nash equilibrium, that approach demonstrates how decision-makers can balance competing interests to achieve optimal solutions. Using a WWTP selection model, the workshop compares different treatment systems, highlighting Nash equilibrium as a viable alternative for sustainable decision-making. The findings suggest that incorporating strategic interactions among stakeholders can lead to more effective and balanced choices in sewage treatment planning.
Agenda
- On sustainble investments
- Game theory for solving confllict x cost dilemma
- Nash equilibrium as a strong solution concept
- Nash equilibrium and Paretian solutions
- Exercise on modeling a game
- Break
- Sustainable Indicators
- The concept of Library of Technologies
- Generating payoffs of games using Library of Technologies and Sustainable Indicators
- Modelling the choice of a WWTP to a municipality