Theory and application of two-person zero-sum game to the demand for export products using the simplex method of linear programming

Date of Publication

1985

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Applied Mathematics

College

College of Science

Department/Unit

Mathematics and Statistics

Abstract/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.

Abstract Format

html

Language

English

Format

Print

Accession Number

TU05758

Shelf Location

Archives, The Learning Commons, 12F, Henry Sy Sr. Hall

Physical Description

133 leaves

Keywords

Game theory; Linear programming; Simplexes (Mathematics); Export marketing

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