Titlebook: Game Theory with Applications in Operations Management; R. K. Amit Textbook 2024 The Editor(s) (if applicable) and The Author(s), under ex

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,Games in Normal Form: Applications in?OM,ce her payoffs. However, it is important to acknowledge that, apart from uncertainty in demand, the environment can have multiple decision-makers, each driven by self-interest and aiming to control the environment to improve their payoffs. Under these conditions, applying game theory to newsvendor models becomes pertinent and crucial.

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Alessandra F. D. Nava,Sergio L. Mendesndation of game theory and its application in economic and social sciences. Nash (1950) introduces the concept of . that forms the cornerstone of applications of game theory in multiple disciplines, from economics to biology.

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Textbook 2024erative and cooperative game-theoretic solution concepts, there is still an abundance of underutilized concepts and tools in game theory that could strongly influence operations management problems. Additionally, with the increasing digitization of operations and supply chain management, the narrati

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Game Theory with Applications in Operations Management

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,Games in?Normal Form,ative games, to model strategic situations when the players move simultaneously. We study different solution concepts for such a class of games and discuss their existence and computation. We begin this chapter with some examples. This is one of the most commonly used examples to illustrate basic id