Game with the pay-off matrix

Reference no: EM132513594

Note: Check the doc for question 1 and 2

1. Solve the game with the following pay-off matrix.

2. Solve the following game (clearly show all the steps).

3. A manufacturer uses Shs.N worth of an item during the year. Manufacturer estimated the ordering cost as Shs. 50 per order and holding costs as 12.5% of average inventory value. The total cost is estimated as Shs. 500. Find the;

i) Value of N.

ii) Optimal order size.

iii) Number of orders per year.

iv) Time period per order.

Attachment:- OPERATIONS RESEARCH.rar

Reference no: EM132513594

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