Scribd
Upload
131 views4 pages

Assignment 2 GBS541

This document is Ignatius Kasela Zulu's assignment for the course Quantitative Methods at Copperbelt University. The assignment involves solving a linear program to find the optimal mixed strategy for Player A in a two-person, zero-sum game. The solution shows Player A's optimal mixed strategy is to choose action 1 with probability 0.05, action 2 with probability 0.6, and action 3 with probability 0.35. Player A's expected gain is 3.5 and Player B's expected loss is also 3.5. References for quantitative methods and business statistics are provided.

Uploaded by

kaszulu1
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
131 views4 pages

Assignment 2 GBS541

This document is Ignatius Kasela Zulu's assignment for the course Quantitative Methods at Copperbelt University. The assignment involves solving a linear program to find the optimal mixed strategy for Player A in a two-person, zero-sum game. The solution shows Player A's optimal mixed strategy is to choose action 1 with probability 0.05, action 2 with probability 0.6, and action 3 with probability 0.35. Player A's expected gain is 3.5 and Player B's expected loss is also 3.5. References for quantitative methods and business statistics are provided.

Uploaded by

kaszulu1
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 4

Copperbelt University

Directorate of Distance Education and Open Learning

MBA General

GBS541: Quantitative Methods

Assignment: Module 3 Assignment

By

Ignatius Kasela Zulu

SIN: 20900369

Instructor: Dr. Danielle Babb

Due Date: 11th May 2021


Shown below is the solution to the linear program for finding Player A's optimal mixed strategy in a

two-person, zero-sum game.

OBJECTIVE FUNCTION VALUE = 3.500

VARIABLE VALUE REDUCED COSTS

PA1 0.050 0.000

PA2 0.600 0.000

PA3 0.350 0.000

GAINA 3.500 0.000

CONSTRAINT SLACK/SURPLUS DUAL PRICES

1 0.000 −0.500

2 0.000 −0.500

3 0.000 0.000

4 0.000 3.500

a. What is Player A's optimal mixed strategy?

b. What is Player B's optimal mixed strategy?

c. What is Player A's expected gain?

d. What is Player B's expected loss?

1
Solution:

Known Knowns:

Mixed strategy: The game's answer lies in how the player chooses the choice of playing between a

series of modes with good chances. The mixed play strategy response suggests the potential

opportunities for each player to choose a play option.

Two-person zero-sum game: A two-player game in which access to another player is available

equivalent to a defeat for another player

Linear Programming: The game cannot be scaled to make a 2x2 game, so programming mode is used

to create the best combo consulting solution.

Following are the answers to the sub questions:

a. Optimal mixed strategy for Player A:

We use A1 with a chance of 0.05 utilizing technique.

We use the 0.60 chance strategy for A2.

We use the 0.35 possibility strategy for A3.

b. Optimal mixed strategy for Player B:

We use the strategy for B1 with a probability of 50.

We use the chance strategy for B2 at 0.50

No use strategy for B3

c. The estimated gain of Player A would be 3.500.

d. The estimated loss of Player B would be 3.500.

2
References:

1. Anderson, D. R., et al. (2015). Quantitative methods for business. Boston, MA: Cengage. ISBN-

13: 978-1 285-86631-4.

2. Lucey, T. (2002) Quantitative Methods, 6t h edition, Thomson Learning.

3. Morris, C. (2008) Quantitative Approaches in Business Studies 7t h edition, FT Prentice Hall


Owen, F & Jones, R. (1994) Statistics, 4th edition, FT Management.

You might also like