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912 Results Found

  • Article
  • Open Access
1,872 Views
25 Pages

Applications of the Shapley Value to Financial Problems

  • Olamide Ayodele,
  • Sunday Timileyin Ayodeji and
  • Kayode Oshinubi

Managing risk, matching resources efficiently, and ensuring fair allocation are fundamental challenges in both finance and decision-making processes. In many scenarios, participants contribute unequally to collective outcomes, raising the question of...

  • Article
  • Open Access
2,478 Views
20 Pages

5 November 2020

In this paper, we provide cooperative and non-cooperative interpretations of the Shapley–Solidarity value for cooperative games with coalition structure. Firstly, we present two new characterizations of this value based on intracoalitional quas...

  • Article
  • Open Access
1 Citations
1,102 Views
14 Pages

The Axiomatic Characterization of the Grey Shapley Value

  • Mehmet Gençtürk,
  • Mahmut Sami Öztürk and
  • Osman Palancı

10 January 2025

One of the most significant solution concepts in cooperative grey game theory is the grey Shapley value. This value is a fascinating one among the models and methods of operations research, and has been the subject of extensive study by other researc...

  • Article
  • Open Access
1 Citations
3,385 Views
22 Pages

Applications of Shapley Value to Financial Decision-Making and Risk Management

  • Sunday Timileyin Ayodeji,
  • Olamide Ayodele and
  • Kayode Oshinubi

We investigate the application of the Shapley value in addressing risk-related challenges, focusing on two primary areas. The first area explores the role of the Shapley value in the financial sector, specifically in managing portfolio risk. By conce...

  • Article
  • Open Access
5 Citations
2,859 Views
23 Pages

Shapley-Based Estimation of Company Value—Concept, Algorithms and Parameters

  • Jacek Mercik,
  • Barbara Gładysz,
  • Izabella Stach and
  • Jochen Staudacher

28 November 2021

The aim of the article is to propose a new method of valuation of a company, considering its ownership relations with other companies. For this purpose, the concept of the Shapley value from cooperative game theory is used as the basis for assessing...

  • Article
  • Open Access
1 Citations
1,558 Views
15 Pages

20 December 2023

In the classical approach of von Neumann and Morgenstern to cooperative games, it was assumed that the worth of all coalitions must be given. However, in real-world problems, the worth of some coalitions may be unknown. Therefore, in this study, we c...

  • Review
  • Open Access
12 Citations
9,094 Views
21 Pages

The Shapley Value in Data Science: Advances in Computation, Extensions, and Applications

  • Lei Qin,
  • Yingqiu Zhu,
  • Shaonan Liu,
  • Xingjian Zhang and
  • Yining Zhao

11 May 2025

The Shapley value is a fundamental concept in data science, providing a principled framework for fair resource allocation, feature importance quantification, and improved interpretability of complex models. Its fundamental theory is based on four axi...

  • Article
  • Open Access
1 Citations
2,754 Views
9 Pages

Shapley Value as a Quality Control for Mass Spectra of Human Glioblastoma Tissues

  • Denis S. Zavorotnyuk,
  • Anatoly A. Sorokin,
  • Stanislav I. Pekov,
  • Denis S. Bormotov,
  • Vasiliy A. Eliferov,
  • Konstantin V. Bocharov,
  • Eugene N. Nikolaev and
  • Igor A. Popov

16 January 2023

The automatic processing of high-dimensional mass spectrometry data is required for the clinical implementation of ambient ionization molecular profiling methods. However, complex algorithms required for the analysis of peak-rich spectra are sensitiv...

  • Article
  • Open Access
1,472 Views
11 Pages

20 November 2024

Coalitional game with uncertain payoffs driven by uncertain variables stands for uncertain coalitional game. A α-pessimistic Shapley value as the solution of uncertain coalitional game is proposed in this paper, which can be played an important...

  • Article
  • Open Access
3 Citations
3,356 Views
19 Pages

29 May 2020

In recent years, China’s government has encouraged the adoption of the TOT (Transfer-Operate-Transfer) model to realize the marketization of China’s public service stock projects. The TOT model is a cooperation mechanism through sharing i...

  • Article
  • Open Access
6 Citations
3,334 Views
21 Pages

Federated Learning Incentive Mechanism with Supervised Fuzzy Shapley Value

  • Xun Yang,
  • Shuwen Xiang,
  • Changgen Peng,
  • Weijie Tan,
  • Yue Wang,
  • Hai Liu and
  • Hongfa Ding

11 April 2024

The distributed training of federated machine learning, referred to as federated learning (FL), is discussed in models by multiple participants using local data without compromising data privacy and violating laws. In this paper, we consider the trai...

  • Article
  • Open Access
1 Citations
1,537 Views
19 Pages

1 September 2025

With the widespread application of artificial intelligence in real estate price prediction, model explainability has become a critical factor influencing its acceptability and trustworthiness. The Shapley value, as a classic cooperative game theory m...

  • Article
  • Open Access
5 Citations
9,167 Views
16 Pages

Additive decomposability is an interesting feature of inequality indices which, however, is not always fulfilled; solutions to overcome such an issue have been given by Deutsch and Silber (2007) and by Di Maio and Landoni (2017). In this paper, we ap...

  • Article
  • Open Access
6 Citations
2,010 Views
14 Pages

22 October 2022

Shapley value regression with machine learning models has recently emerged as an axiomatic approach to the development of diagnostic models. However, when large numbers of predictor variables have to be considered, these methods become infeasible, ow...

  • Article
  • Open Access
9 Citations
4,325 Views
17 Pages

Federated Learning Incentive Mechanism Design via Shapley Value and Pareto Optimality

  • Xun Yang,
  • Shuwen Xiang,
  • Changgen Peng,
  • Weijie Tan,
  • Zhen Li,
  • Ningbo Wu and
  • Yan Zhou

27 June 2023

Federated learning (FL) is a distributed machine learning framework that can effectively help multiple players to use data to train federated models while complying with their privacy, data security, and government regulations. Due to federated model...

  • Article
  • Open Access
17 Citations
5,286 Views
26 Pages

22 August 2021

Multi-label learning is dedicated to learning functions so that each sample is labeled with a true label set. With the increase of data knowledge, the feature dimensionality is increasing. However, high-dimensional information may contain noisy data,...

  • Article
  • Open Access
2 Citations
1,437 Views
23 Pages

6 January 2025

With the rapid development of e-commerce, the traditional trade mode of forest products has undergone significant changes. Logistics as a key factor to support e-commerce trade is particularly important to build a reasonable e-commerce logistics mode...

  • Article
  • Open Access
1,005 Views
38 Pages

Sustainable Energy Systems Through Fair Carbon Pricing: A Shapley Value-Based Optimization Framework

  • Jiyong Li,
  • Huang Hao,
  • Xiaoping Xiong,
  • Jiajia Chai,
  • Hanzhong Cui,
  • Haoyuan Li,
  • Zhiliang Cheng and
  • Chen Ye

12 November 2025

Sustainable energy systems necessitate an equitable distribution of carbon burdens among stakeholders. This paper proposes a Shapley value-based carbon pricing mechanism embedded in a dual-layer Stackelberg framework, where the upper layer optimizes...

  • Article
  • Open Access
34 Citations
5,423 Views
18 Pages

Low-carbon development and environmental remediation are key factors for green resource-based supply chains in China. With this aim in mind, by applying game theory under uncertain market demand, this paper incorporates low-carbon development and env...

  • Article
  • Open Access
9 Citations
2,813 Views
28 Pages

20 November 2021

The product service system (PSS), as a design concept for integrated products and services, needs to be evaluated in the early design stage to maximize the value for stakeholders of the PSS concept, which is a crucial task for enterprises. However, e...

  • Article
  • Open Access
10 Citations
5,273 Views
28 Pages

17 March 2023

With the gradual and widespread application of blockchain technology in the supply chain, its characteristics can help solve the financing problem of MSMEs. To this end, this paper constructs a cooperative game model for suppliers, manufacturers and...

  • Article
  • Open Access
17 Citations
7,656 Views
12 Pages

23 October 2017

In recent years, microgrids have developed as important parts of power systems and have provided affordable, reliable, and sustainable supplies of electricity. Each microgrid is managed as a single controllable entity with respect to the existing pow...

  • Article
  • Open Access
31 Citations
4,770 Views
21 Pages

Charging and Discharging Scheduling for Electrical Vehicles Using a Shapley-Value Approach

  • Marija Zima-Bockarjova,
  • Antans Sauhats,
  • Lubov Petrichenko and
  • Roman Petrichenko

4 March 2020

The number of electric vehicles (EV) in the world has been increasing and is gaining momentum. The large-scale use of EVs in public life has initiated the need to establish EV battery charging services within the power system. Currently, EVs serve as...

  • Article
  • Open Access
19 Citations
3,646 Views
20 Pages

30 June 2021

Reverse logistics is an important way to realize sustainable production and consumption. With the emergence of professional third-party reverse logistics service providers, the outsourcing model has become the main mode of reverse logistics. Whether...

  • Article
  • Open Access
1 Citations
1,531 Views
29 Pages

12 June 2025

The Engineering, Procurement, and Construction (EPC) model—particularly the design-led consortium structure—has proven effective in enhancing design quality, improving construction feasibility, and reducing project costs. Nonetheless, its...

  • Article
  • Open Access
5 Citations
2,932 Views
20 Pages

Research on Profit Allocation of Agricultural Products Co-Delivery Based on Modified Interval Shapley Value

  • Chenglin Wang,
  • Zhicheng Zhou,
  • Xiaohui Yu,
  • Jintao Chen,
  • Pengnan Li and
  • Ziqi Wang

10 February 2023

Most of the domestic wholesale markets have many operating entities, and the level of organization and scale is not high; therefore, at this stage, building a shared business platform and carrying out common distribution is an important way to improv...

  • Article
  • Open Access
7 Citations
2,187 Views
17 Pages

A Study on Revenue Distribution of Chinese Agricultural E-Commerce Supply Chain Based on the Modified Shapley Value Method

  • Xiangyang Zhou,
  • Liang Chi,
  • Jiaxuan Li,
  • Liwei Xing,
  • Lu Yang,
  • Jianzhai Wu and
  • Han Meng

18 October 2024

With the rapid development of e-commerce in China, “live broadcast + e-commerce” has become an emerging mode of the e-commerce industry. The speedy growth of the digital economy has also provided a favorable external environment for fresh...

  • Article
  • Open Access
77 Views
25 Pages

11 March 2026

The development of renewable energy in rural areas presents significant potential. Integrating renewable energy sources, such as wind power and photovoltaics, into microgrids as distributed generation systems offers a viable approach for local energy...

  • Article
  • Open Access
9 Citations
3,111 Views
23 Pages

28 February 2024

Shared resources are common among supply chain partners and also occur in multiple linked stages of an internal network. The sharing of these resources impacts the organization’s profits. This study is focused on the potential benefits of resou...

  • Article
  • Open Access
4 Citations
2,514 Views
10 Pages

15 June 2023

Interval games are an extension of cooperative coalitional games, in which players are assumed to face payoff uncertainty. Characteristic functions thus assign a closed interval instead of a real number. This study revisits two interval game versions...

  • Article
  • Open Access
1 Citations
3,444 Views
32 Pages

6 December 2023

Computing Shapley values for large cooperative games is an NP-hard problem. For practical applications, stochastic approximation via permutation sampling is widely used. In the context of machine learning applications of the Shapley value, the concep...

  • Article
  • Open Access
4 Citations
4,024 Views
23 Pages

Shapley Values as a Strategy for Ensemble Weights Estimation

  • Vaidotas Drungilas,
  • Evaldas Vaičiukynas,
  • Linas Ablonskis and
  • Lina Čeponienė

10 June 2023

This study introduces a novel performance-based weighting scheme for ensemble learning using the Shapley value. The weighting uses the reciprocal of binary cross-entropy as a base learner’s performance metric and estimates its Shapley value to...

  • Article
  • Open Access
13 Citations
3,622 Views
13 Pages

Privacy and Explainability: The Effects of Data Protection on Shapley Values

  • Aso Bozorgpanah,
  • Vicenç Torra and
  • Laya Aliahmadipour

There is an increasing need to provide explainability for machine learning models. There are different alternatives to provide explainability, for example, local and global methods. One of the approaches is based on Shapley values. Privacy is another...

  • Article
  • Open Access
920 Views
17 Pages

3 April 2025

Currently, a global hunger and malnutrition crisis is spreading throughout various regions worldwide. Overseas farmland investment endeavors to enhance regional food production through international cooperation but faces the challenge of ensuring a f...

  • Article
  • Open Access
8 Citations
3,126 Views
18 Pages

25 October 2021

This paper proposes a new methodology to solve multiobjective optimization problems by invoking genetic algorithms and the concept of the Shapley values of cooperative games. It is well known that the Pareto-optimal solutions of multiobjective optimi...

  • Article
  • Open Access
5 Citations
3,247 Views
25 Pages

8 August 2024

In the field of geomatics, artificial intelligence (AI) and especially machine learning (ML) are rapidly transforming the field of geomatics with respect to collecting, managing, and analyzing spatial data. Feature selection as a building block in ML...

  • Article
  • Open Access
1,172 Views
23 Pages

25 July 2025

This work aims to leverage Shapley values to explain the decisions of convolutional neural networks trained to predict glaucoma. Although Shapley values offer a mathematically sound approach rooted in game theory, they require evaluating all possible...

  • Article
  • Open Access
18 Citations
4,075 Views
23 Pages

19 July 2018

The Beijing-Tianjin-Hebei (B-T-H) region, who captures the national strategic highland in China, has drawn a great deal of attention due to the fog and haze condition and other environmental problems. Further, the high carbon emissions generated by e...

  • Article
  • Open Access
5 Citations
2,721 Views
18 Pages

VMD-WSLSTM Load Prediction Model Based on Shapley Values

  • Bilin Shao,
  • Yichuan Yan and
  • Huibin Zeng

11 January 2022

Accurate short-term load forecasting can ensure the safe operation of the grid. Decomposing load data into smooth components by decomposition algorithms is a common approach to address data volatility. However, each component of the decomposition mus...

  • Article
  • Open Access

Shapley values are the most widely used point-valued solution concept for cooperative games and have recently garnered attention for their applicability in explainable machine learning. Due to the complexity of Shapley value computation, users mostly...

  • Article
  • Open Access
8 Citations
2,211 Views
27 Pages

9 November 2019

Single-valued neutrosophic sets (SVNSs), which involve in truth-membership, indeterminacy-membership and falsity-membership, play a significant role in describing the decision-makers’ preference information. In this study, a single-valued neutr...

  • Article
  • Open Access
1,186 Views
18 Pages

1 October 2024

We develop a measure-theoretic framework for dynamic Shapley values in Banach spaces, extending classical cooperative game theory to continuous-time, infinite-dimensional settings. We prove the existence and uniqueness of strong solutions to stochast...

  • Article
  • Open Access
367 Views
16 Pages

Enhancing Omics Analyses Through Coalitional Games and Shapley Values

  • Eva Vargas,
  • Inés de la Torre and
  • Francisco J. Esteban

12 February 2026

We describe a comprehensive methodology for the application of game theory to omics data analysis, with a particular focus on coalitional games and Shapley values. This approach evaluates the cooperative distribution of genes within high-dimensional...

  • Article
  • Open Access
10 Citations
3,510 Views
19 Pages

6 February 2025

The integration of the Industrial Internet of Things (IIoT) and federated learning (FL) can be a promising approach to achieving secure and collaborative AI-driven Industry 4.0 and beyond. FL enables the collaborative training of a global model under...

  • Article
  • Open Access
7 Citations
2,890 Views
16 Pages

5 April 2024

Cooperative alternatives need complex multi-criteria decision-making (MCDM) consideration, especially in resource allocation, where the alternatives exhibit interdependent relationships. Traditional MCDM methods like the Analytic Hierarchy Process (A...

  • Article
  • Open Access
998 Views
16 Pages

Geotechnical engineering faces challenges related to data, especially the ones related to dynamic soil behavior (i.e., shear modulus reduction and damping ratio curves with strain), with only a few datasets in open-access format and a slow transition...

  • Article
  • Open Access
2 Citations
1,838 Views
26 Pages

5 December 2023

The fusion of evolutionary algorithms and the solution concepts of cooperative game theory is proposed in this paper to solve the fuzzy optimization problems. The original fuzzy optimization problem is transformed into a scalar optimization problem b...

  • Article
  • Open Access
1,177 Views
17 Pages

Machine Learning Ensemble Algorithms for Classification of Thyroid Nodules Through Proteomics: Extending the Method of Shapley Values from Binary to Multi-Class Tasks

  • Giulia Capitoli,
  • Simone Magnaghi,
  • Andrea D'Amicis,
  • Camilla Vittoria Di Martino,
  • Isabella Piga,
  • Vincenzo L'Imperio,
  • Marco Salvatore Nobile,
  • Stefania Galimberti and
  • Davide Paolo Bernasconi

16 July 2025

The need to improve medical diagnosis is of utmost importance in medical research, consisting of the optimization of accurate classification models able to assist clinical decisions. To minimize the errors that can be caused by using a single classif...

  • Article
  • Open Access
33 Citations
7,669 Views
16 Pages

Integrating Shapley Values into Machine Learning Techniques for Enhanced Predictions of Hospital Admissions

  • Georgios Feretzakis,
  • Aikaterini Sakagianni,
  • Athanasios Anastasiou,
  • Ioanna Kapogianni,
  • Effrosyni Bazakidou,
  • Petros Koufopoulos,
  • Yiannis Koumpouros,
  • Christina Koufopoulou,
  • Vasileios Kaldis and
  • Vassilios S. Verykios

7 July 2024

(1) Background: Predictive modeling is becoming increasingly relevant in healthcare, aiding in clinical decision making and improving patient outcomes. However, many of the most potent predictive models, such as deep learning algorithms, are inherent...

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