Theory and application of two-person zero-sum game to the demand for export products using the simplex method of linear programming
Decision making frequently involves competitive encounters among intelligent and rational opponents. Two-person zero-sum game theory was devised to aid decision makers, but its results so far are largely confined to strictly competitive cases. Its applicability is therefore limited and the practical...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
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Animo Repository
1985
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| Subjects: | |
| Online Access: | https://animorepository.dlsu.edu.ph/etd_bachelors/15992 |
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| Institution: | De La Salle University |
| Language: | English |
| Summary: | Decision making frequently involves competitive encounters among intelligent and rational opponents. Two-person zero-sum game theory was devised to aid decision makers, but its results so far are largely confined to strictly competitive cases. Its applicability is therefore limited and the practicality of the outcomes are sometimes criticized. But successful and meaningful results can be achieved because the theory provides good approximation for analyzing relationships between and among opposing interests.The study involves the applicability of game theory to the problem of identifying optimal strategies as well as the analysis of the competitive demands of importers for marine products considering an exporter's preference to supply certain commodities using the simplex method of linear programming.Though two-person zero-sum games render situations limited to practical significance, it provides the reader with a point of departure from which to investigate the most difficult type of decision making, and as such, it is a very valuable operations research tool. |
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