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Optimization Technique Approach to Resolve Food Sustainability Problems

Farrukh Arslan, Bhopendra Singh, Dilip Kumar Sharma, R. Regin, R. Steffi, S. Suman Rajest

202152 citationsDOI

Abstract

The authors suggest possible arrangements between different supermarket chains in this study, using a strategic methodology and game theory to develop a modern, with generations to come, effectively diets. The authors will specifically acknowledge service providers and sellers of vegetarian (vegetarian) but semi (or non-vegetarian) foods. The strategic approach being used by authors offers a model of mathematical game theory that could help vegan food manufacturers get easier entrants and free substantial ads. Besides that, the template could allow non-vegetarian food producers to turn to vegan and vegetarian production seamlessly. In particular, the authors suggest an arrangement between McDonald's and Muscle of Wheat since they assume that without the aid of a major food supplier already on the market, Wheat's strength will not reach a global market. The game theory model describes an irregular R&D partnership between McDonald's and strength of Wheat. Demand for food items that are organic, nutritious, and environmentally friendly has been growing. In response, producers' market natural or other quality-differentiated foods, often claiming to have implemented good habits focused on environmental welfare. These goods have unfalsifiable consistency characteristics, as well. Because the seller may deceive the buyer with a baseless assertion, the manufacturer who maximizes profit can earn a better price with lower production costs. The research addressed in this paper indicates that the availability of high-quality certificates requires regular agreements and third-party oversight. Policy implications of this research are recorded for national organic food criteria.

Topics & Concepts

Profit (economics)MarketingGame theorySustainabilityQuality (philosophy)BusinessProduction (economics)General partnershipConsistency (knowledge bases)Service providerEconomicsIndustrial organizationComputer scienceService (business)MicroeconomicsFinanceEcologyBiologyEpistemologyArtificial intelligencePhilosophySmart Systems and Machine LearningLeadership, Behavior, and Decision-Making StudiesEconomic and Technological Systems Analysis