Elucidate how a positioning strategy should be developed

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Q. In game of Two-Finger Morra, 2 players Show 1 or 2 fingers also simultaneously guess number of fingers their opponent will Show. If only one of players guesses correctly, he wins amount (in dollars) equal to sum of fingers shown by him also by his opponent. If both players guess correctly or neither guesses correctly, game is a draw. Construct reward table for this game. Formulate a linear program which solves optimal mixed strategy for each player.

Q. Elucidate how a positioning strategy should be developed for a small scale flywheel manufacturing company, in a highly competitive market.

 

Reference no: EM1376764

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