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Assignment 5

The document contains 6 problems: 1) a trade union and company management game, 2) finding the saddle point and range of a game, 3) solving a game, 4) solving a game graphically, 5) determining machine replacement based on costs, 6) solving another game.

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subhash
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25 views

Assignment 5

The document contains 6 problems: 1) a trade union and company management game, 2) finding the saddle point and range of a game, 3) solving a game, 4) solving a game graphically, 5) determining machine replacement based on costs, 6) solving another game.

Uploaded by

subhash
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Assignment -5

1. A trade union of a company is at loggerheads with its management. Both the


management as well as trade union are contemplating the following strategies as part
of negotiations : (i) Aggressive Approach, (b) Logical Approach, (c) Realistic
Approach, (d) conciliatory Approach. The cost to the company for every pair of
strategies choice are given below:

Company Management
1 2 3 4
1 40 30 24 70
Trade 2 50 28 16 20
Union 3 80 4 20 10
4 -10 8 22 0
Find:
a. optimal strategy for trade union and company management.
b. Saddle Point
c. Value of Game
d. Type of Game
e. Winner of Game

2. If the saddle point is (2,2) in the following pay-off matrix find the range of values of
P and Q.

Player B
B1 B2 B3
A1 2 6 5
Player A A2 10 7 Q
A3 5 P 8

3. Solve the following game.


B1 B2
A1 5 1
A2 3 4

4. Solve the game by graphical method.


B1 B2 B3 B4 B5
A1 3 0 6 -1 7
A2 -1 5 -2 2 1

5. The data collected in running a machine, the cost of which is Rs. 1,20,000/- are given
below:

Year 1 2 3 4 5 6 7 8
Maintenanc 1000 12000 1400 18000 2300 28000 3400 34000
e Cost 0 0 0 0
Resale Value 3000 15000 7500 3750 2000 2000 2000 2000
0

Determine at what age is its replacement due?


6. Solve the following game.

Player B
B1 B2
A1 -6 7
A2 4 -5
Player A A3 -1 -2
A4 -2 5
A5 7 -6

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