Problem solving approach-strategic game

Assignment Help Business Economics

Reference no: EM131165299

A Problem Solving Approach: Strategic Game Describe some interaction your company has with another entity (firms producing complementary or substitute products, upstream suppliers, ordown-stream customers), or between internal divisions within your firm that can be described as a sequential or simultaneous game. Diagram the strategies, players, and compute pay offs as best you can. Compute the Nash equilibria. What can you do to change the rules of the game to your advantage? Compute the profit consequences of your advice.

Spend 2 or 3 hours observing the organization in which you are employed. During the observation, identify internal and external interactions of the organization. You can talk to stakeholders who might have information relating to external interactions in order to gather necessary information. Use the observation information to complete all parts of the question presented in the problem. Your response should be 500-750 words. Please include the diagram required in the problem.

Reference no: EM131165299

Questions Cloud

Critical review of a research article : Your task in this assignment is to undertake a critical review of a research article. The paper number selected for you (see above) is from the recent Australasian Conference on Information Systems (ACIS) held in Adelaide in early December 2015.

What is the market surplus-shortage at a price : Three individuals have $1000 and identical preferences for gum, g, and cigarettes, s, as measured by the utility function U(g,s) = 10g0.9a0.1. The price of gum is $9 and the price of cigarettes is $12. What is the market surplus/shortage at a price o..

How many people should he employ to maximize profit : The owner of small firm believes the production function is given by: How many people should he employ to maximize profit? What will be the firm’s hourly profit?

Explain the procedures for handling chemotherapy products : Explain the procedures for handling chemotherapy products including: Personal protective equipment, Disposa, Spill clean up and Labeling.

Problem solving approach-strategic game : A Problem Solving Approach: Strategic Game Describe some interaction your company has with another entity (firms producing complementary or substitute products, upstream suppliers, ordown-stream customers), or between internal divisions within your f..

Charge of production decisions : You inherit a phosphate mining company and are now in charge of production decisions. You only have two years to extract all of the phosphate because in three years from now, an environmental regulation will go into effect banning mining in that area..

Should we be concerned about growing federal debt : Should we be concerned about a growing federal debt?

Using the strategic planning process : Using the strategic planning process discussed in this chapter, what was the core problem to be solved by Millennium? What were all of their potential alternative solutions to that problem?

Market structure has implications for firm profitability : Market structure has implications for a firm's profitability.

User Account

All Pages