Solve the game to find the best strategies

Assignment Help Management Theories

Reference no: EM131445561

Question: Drug runners can use three possible methods for running drugs through Florida: small plane, main highway, or backroads. The cops know this, but they can only patrol one of these methods at a time. The street value of the drugs is $100,000 if the drugs reach New York using the main highway. If they use the backroads, they have to use smaller-capacity cars so the street value drops to $80,000. If they fly, the street value is $150,000. If they get stopped, the drugs and the vehicles are impounded, they get fined, and they go to prison. This represents a loss to the drug kingpins of $90,000, by highway, $70,000 by backroads, and $130,000 if by small plane. On the main highway, they have a 40% chance of getting caught if the highway is being patrolled, a 30% chance on the backroads, and a 60% chance if they fly a small plane (all assuming that the cops are patrolling that method). Set this up as a zero sum game assuming that the cops want to minimize the drug kingpins gains, and solve the game to find the best strategies the cops and drug lords should use.

Reference no: EM131445561

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