January 2017
Beginner to intermediate
280 pages
217h 11m
English
book
Quantitative Analysis for Management, 13/e
by Barry Render, Ralph M. Stair, Michael E. Hanna, Trevor S. Hale
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Glossary
- Dominance
A procedure that is used to reduce the size of the game.
- Minimax Criterion
A criterion that minimizes one’s maximum losses. This is another way of solving a pure strategy game.
- Mixed Strategy Game
A game in which the optimal strategy for both players involves playing more than one strategy over time. Each strategy is played a given percentage of the time.
- Pure Strategy
A situation in which a saddle point exists, causing both players to always play just one strategy.
- Saddle Point
A situation in which both players are facing pure strategies.
- Two-Person Game
A game that has only two players.
- Value of the Game
The expected winnings of the game if the game is played a large number of times.
- Zero-Sum Game
A game in which the losses ...