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Unit No.3.
DECISION SCIENCE
Presented By:
Dr. V. M. Tidake
Ph. D (Financial Management), MBA(FM), MBA(HRM) BE(Chem)
Dean, EDP & Associate Professor MBA
1
Sanjivani College of Engineering, Kopargaon
Department of MBA
www.sanjivanimba.org.in
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302-DECISION SCIENCE
Unit No.3. Games Theory
3.2.1 Introduction to
Games Theory
Presented By:
Dr. V. M. Tidake
Ph. D (Financial Management), MBA(FM), MBA(HRM) BE(Chem)
Dean EDP & Associate Professor MBA
2
Sanjivani College of Engineering, Kopargaon
Department of MBA
www.sanjivanimba.org.in
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Games Theory
Games Theory is an operation research
technique that deals with making decisions
when two or more intelligent and rational
opponents are involved under conditions of
conflict and competition in the context of
Business Decision Making.
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Examples of Games Theory
• Two Competitors decision regarding
Advertisement Plan.
• Deciding the Promotional Scheme to
overcome the Promotional scheme of
Competitors.
• Recruitment of Senior Officials to beat
the Competition.