Game Theory in Operation Research | Graphic Method of Game Theory | In Hindi | Step by Step скачать в хорошем качестве

Game Theory in Operation Research | Graphic Method of Game Theory | In Hindi | Step by Step

Game Theory in Operation Research | Graphic Method of Game Theory | Game Theory in Hindi | Operation Research Game Theory The graphic method in game theory (used in operations research) is a graphical solution technique for solving two-person, zero-sum games, where the payoff matrix has a dimension of 2 × n or m × 2. This method helps determine the optimal strategies for both players and the value of the game without requiring complex computations like linear programming. Key Features of the Graphic Method: 1. Applicability: • The game must have two players (Player A and Player B). • One player (say, Player A) has two strategies, while the other player (Player B) can have multiple strategies (or vice versa). 2. Steps Involved: • Step 1: Plot the payoffs for Player A (or Player B) on a graph, considering one player’s strategies as the x-axis and the payoffs as the y-axis. • Step 2: For each strategy of the opposing player, draw straight lines representing the corresponding payoffs. • Step 3: Identify the minimum of the maximum payoffs for Player A (or vice versa for Player B) by observing the intersection point of the lines. • Step 4: The intersection point represents the value of the game and the optimal mixed strategy proportions. 3. Purpose: • It helps in determining the saddle point (if it exists) and solving mixed-strategy games when no pure strategy solution is available. 4. Limitations: • It works efficiently only for games involving two strategies for one player and multiple strategies for the other. For larger matrices, numerical or linear programming methods are preferred. I hope this video will help you understand the graphic method of game theory. Thanks JOLLY Coaching ******************************************************************** Our Social Media Handles Twitter:   / coachingjolly   Instagram:- https://www.instagram.com/jollycoachi... Facebook :-   / jolly.coaching.5   Link for Economics Channel:-    / @economicsbyjollycoaching1329   Telegram Group Link:- (JOLLY Coaching Class - 12) https://t.me/JOLLYCoaching1 Link for all Other Videos: MACROECONOMICS (Chapter Wise) :-    • Macroeconomics | Class 12 | Chapter-Wise C...   Indian Economic Development (Chapter wise topics) :-    • Indian Economic Development | Class 12 | C...   Link for 12th Accountancy {Complete Course}    • Accounting for Partnership Firm Class 12 |...   Link for Business Studies 1st Part with written notes:-    • 12th Business Studies | 12th Business Stud...