Widiastuti, Ratih (2019) C6 - ARTIKEL & HASIL PEER REVIEW (A Game Theory Approach to The Preference of The Street Development in Semarang Chinatown). IOP Conference Series: Earth and Environmental Science, 313 (012033). pp. 1-6. ISSN 1755-1315

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Abstract

The Chinatown of Semarang consists of many historical streets along with their
heritage temples where a few informal social and physical urban developments occurred in
those streets. This calls for a systematic urban redevelopment decision-making process.
Using spatial data to demonstrate the current and future situations of street development,
this paper aims at investigating the best scenario to develop Semarang Chinatown and also
the advantages as well as the limitations of game theoretical models for the development of
Semarang Chinatown. Therefore, we have developed game model based on Nash game
theory, in which a certain action results in a certain payoff, for the case study. Our study
demonstrates that game theory can provide key strategic decision of Chinatown
development by showing the different payoffs of choosing main streets that are more urgent
to be developed and selecting the equilibrium in which involved important stakeholders best
interests. We also found limitations on using game theory in our case study especially
regarding the assumption of preferred historical streets in the area.
Keywords: Game theory, conservation, Semarang Chinatown, decision-making, area
development

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