Game Theory in Operations Research and Decision Making

🎮 Master Game Theory in Operations Research and Decision Making with Dr. Himanshu Saxena 🎓

Course Title: Game Theory in Operations Research and Decision Making

Course Description:

Dive into the strategic world of Game Theory, where every decision is a move in a complex game of strategies, payoffs, and rationality. This course offers you an in-depth exploration of making decisions under conflict and competition scenarios. By the end of this course, you will have mastered the tools to model, analyze, and solve games, enhancing your ability to make informed decisions in competitive environments.

What You'll Learn:

• Fundamentals of Game Theory:

  • Understanding the concept of a game.
  • Identifying Saddle Points, Dominance Rules, and Oddment methods.
  • Applying Graphical Methods, Sub Games Methods, and Algebraic Methods to solve games.
  • Learning Problem Formulation to set up a game properly.

• Characteristics of Games:

  1. A finite number of intelligent competitors.
  2. A set of available actions for each player.
  3. Efforts to maximize gains and minimize losses.
  4. Interdependence of choices among players.
  5. Mutual knowledge of alternatives available to others.
  6. One play per player when all choose their course of action.
  7. Outcomes affecting gains or losses for each player.
  8. A set of rules determining game value.

• Concepts & Terminology in Game Theory:

  • Players, Plays, Strategies, Pure and Mixed Strategies.
  • Expected Value of the game, Two-Person Zero Sum Games.
  • Payoffs and Payoff Matrices, Saddle Points, Maximin and Minimax Principles.

Course Highlights:

• Understanding Game Types:

  • Comprehensive study of cooperative vs. non-cooperative games, simultaneous vs. sequential moves, and finite vs. infinite games.

• Strategic Decision Making:

  • Learn how to use Game Theory to make strategic decisions in various real-world scenarios, from economics to conflict resolution.

• Optimization Techniques:

  • Master optimization techniques like linear programming and apply them to solve complex games.

• Real-World Applications:

  • Gain insights into how Game Theory is applied in fields such as economics, military strategy, political science, and beyond.

Why Study Game Theory?

Game Theory equips you with the analytical tools to predict, analyze, and influence outcomes in competitive environments. Whether you're negotiating a business deal, planning a campaign, or developing an app, understanding Game Theory can provide you with a strategic edge.

Your Instructor:

Dr. Himanshu Saxena is a seasoned academic and industry professional with extensive experience in Operations Research and Decision Making. His expertise in Game Theory, combined with practical insights, makes him the perfect guide on this intellectual adventure.

Enroll now to transform your decision-making process and gain a competitive advantage using the powerful principles of Game Theory! 🌟