User Account

All Pages

Give the algebraic model for the second sub-problem

Assignment Help Game Theory
Reference no: EM132865113

A licence to shoot a moose costs $115 for residents and $920 for non- residents. The government must decide how many licences to issue in both cate- gories. There is a demand for up to 30,000 resident licences, and up to 12,000 non- resident licences; these are system constraints. The government has several goal priorities which in descending order of importance are (i) earn at least $12,006,000 in revenue (ii) issue at least 80% of licences to residents, and (iii) limit the total number of licences to 40,000.

(a) Formulate this goal programming model.

(b) Give the algebraic model for the ?rst sub-problem, and solve this using LINGO or the Excel Solver.

(c) Embedding the solution from (b), give the algebraic model for the second sub- problem, and solve this using LINGO or the Excel Solver.

(d) Embedding the solution from (c), give the algebraic model for the third sub- problem, solve this using LINGO or the Excel Solver, and state the overall solution in words.

Reference no: EM132865113

Questions Cloud

Branding elements for the microsoft xbox : What are the Branding elements for the Microsoft xbox and the Sony P5.
What is the future value : Question - What is the future value of $200 deposited today at eight percent interest compounded annually for three years
Difference between an equity security and a debt security : Question - Explain the difference between an equity security and a debt security and give an example of each
Scope management knowledge area : Question 1 Project documents associated with the scope management knowledge area include
Give the algebraic model for the second sub-problem : A licence to shoot a moose costs $115 for residents and $920 for non- residents. The government must decide how many licences to issue in both cate- gories
How business diversification can enhance shareholder value : Define and explain how business diversification can enhance shareholder value? Give an example.
Determine the amount of the adjusting entry : Bad debt expense is estimated at 3/4 of 1% of sales. Determine the amount of the adjusting entry for uncollectible accounts
What is the organizational growth model : What is the organizational growth model? What are some present examples?
Why do you think statistics often has a bad name : Why do you think statistics often has a bad name?

Reviews

Write a Review

Game Theory Questions & Answers

  Use the best-response approach to find all nash equilibria

Player 1 has the following set of strategies {A1;A2;A3;A4}; player 2’s set of strategies are {B1;B2;B3;B4}. Use the best-response approach to find all Nash equilibria.

  A supplier and a buyer, who are both risk neutral

A supplier and a buyer, who are both risk neutral, play the following game,  The buyer’s payoff is q^'-s^', and the supplier’s payoff is s^'-C(q^'), where C() is a strictly convex cost function with C(0)=C’(0)=0. These payoffs are commonly known.

  Pertaining to the matrix game theory problem

Pertaining to the matrix need simple and short answers, Find  (a) the strategies of the firm (b) where will the firm end up in the matrix equilibrium (c) whether the firm face the prisoner’s dilemma.

  Nash equilibria

Consider the two-period repeated game in which this stage game is played twice and the repeated-game payo s are simply the sum of the payo s in each of the two periods.

  Find the nash equilibrium

Two players, Ben and Diana, can choose strategy X or Y. If both Ben and Diana choose strategy X, every earns a payoff of $1000.

  Construct the payoff matrix for the game

The market for olive oil in new York City is controlled by 2-families, Sopranos and Contraltos. Both families will ruthlessly eliminate any other family that attempts to enter New York City olive oil market.

  Question about nash equilibrium

Following is a payoff matrix for Intel and AMD. In each cell, 1st number refers to AMD's profit, while second is Intel's.

  Finding the nash equilibrium

Determine the solution to the given advertising decision game between Coke and Pepsi, assuming the companies act independently.

  Nash equilibria to determine the best strategy

Little Kona is a small coffee corporation that is planning entering a market dominated through Big Brew. Each corporation's profit depends on whether Little Kona enters and whether Big Brew sets a high price or a low price.

  Creating a payoff table

Suppose you and your classmate are assigned a project on which you will earn one combined grade. You each wish to receive a good grade, but you also want to avoid hard work.

  Determine the nash equilibrium for trade policy

Consider trade relations in the United State and Mexico. Suppose that leaders of two countries believe the payoffs to alternative trade policies are as follows:

  Find the nash equilibrium outcomes

Use the given payoff matrix for a simultaneous move one shot game to answer the accompanying questions.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd