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Solve the game with the following pay-off matrix.

Solve the game with the following pay-off matrix.

First consider the minimum of each row.

In the long run, the following best strategies will be identified by the two players:

The best strategy for player A is strategy 4.

The best strategy for player B is strategy IV.

The game is favourable to player A.

Solve the game with the following pay-off matrix

First consider the minimum of each row.

Next consider the maximum of each column.

It is observed that the maximum of row minima and the minimum of the column maxima are equal. Hence the given the game has a saddle point. The common value is 20. This indicates that the value V of the game is 20.

The best strategy for player X is strategy 2.

The best strategy for player Y is strategy III.

The game is favourable to player A.

Solve the following game:

First consider the minimum of each row.

The best strategy for player A is strategy 4.

The best strategy for player B is strategy II.

Since the value of the game is negative, it is concluded that the game is favourable to player B.

Tags : Operations Management - Game Theory, Goal Programming & Queuing Theory

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