Modeling the relationships of business entities in the petrochemical complex using game theory

   Relevance. The modern activities of entrepreneurs in the petrochemical complex involve the diversifieddevelopment of various forms of their relationships both among themselves and with a wide range of related structures. These relationships largely determine the intensity and directions of development of both theentrepreneurs themselves and the specific features of the evolution of the industry as a whole.

   The purpose of the work is to understand the problems and model the relationships of entrepreneurs in thepetrochemical complex.

   Objectives: to study modern trends in the development of relations between business entities in the petrochemical complex; to consider the possibility of using the game theory apparatus in modeling the relations of industry business entities; to carry out economic and mathematical modeling of relations between business entities in the petrochemical complex.

   Methodology. The study used the methods of observation, analysis, synthesis, generalization, systematization, hypothetical-deductive reasoning, the methodological apparatus of game theory and economic and mathematical modeling.

   Results. A brief description of the results of the study of relations between business entities in the petrochemical complex is presented. Based on the study of the practice of relations between industry business entities, modern directions for the development of their interaction are identified. A conceptual economic and mathematical model of decision-making on interaction between business entities in the petrochemical complex has been developed based on the application of the game theory apparatus, which considers the possibility and feasibility of forming coalitions between industry business entities in order to achieve common economic effects.

   Conclusions. The proposed model can be applied in the analysis, assessment and forecasting of relations between business entities in the petrochemical complex. The cause-and-effect relationships described in the work should be taken into account in the formation and implementation of the policy for regulating the petrochemical complex.

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