Quantitative Analysis
- i) What is “Two-person zero sum game”?
- ii) What are the advantages and limitations of game theory?
iii) Consider the game whose pay-off matrix is given below.
Find its solution
| Player B | ||||
| Player A | I | II | III | |
| I | -4 | -6 | 3 | |
| II | 4 | 3 | 6 | |
| III | 2 | -3 | 4 | |
- Explain the difference between a transportation and an assignment problem.
- Explain the promal-dual relationship.
- Operations Research is more than Mathematics.
Briefly explain.
Explain monte-carlo simulation technique.
