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Operations Management - Game Theory, Goal Programming & Queuing Theory

Managerial Applications of the Theory of Games

   Posted On :  24.06.2018 09:38 pm

The techniques of game theory can be effectively applied to various managerial problems as detailed below:

Managerial Applications of the Theory of Games
 
The techniques of game theory can be effectively applied to various managerial problems as detailed below:
 
1.      Analysis of the market strategies of a business organization in the long run.
 
2.      Evaluation of the responses of the consumers to a new product.
 
3.      Resolving the conflict between two groups in a business organization.
 
4.      Decision making on the techniques to increase market share.
 
5.      Material procurement process.
 
6.      Decision making for transportation problem.
 
7.      Evaluation of the distribution system.
 
8.      Evaluation of the location of the facilities.
 
9.      Examination of new business ventures and
 
10.  Competitive economic environment. 
Tags : Operations Management - Game Theory, Goal Programming & Queuing Theory
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