Firm X is fighting for its life against the determination of firm Y to drive it out of the industry. Firm X has the choice of increasing price, leaving it unchanged, or lowering it. Firm Y has the same three options. Firm X's gross sales in the event of each of the pairs of choice are shown below. Firm Y's pricing strategy Increase price Do not change Reduce price Increase price 90+XX 80+XX 110+XX Firm X's prieing strategy Do not change 110+XX 100+XX 90+XX Reduce price 120+XX 70+XX 80+XX Formulate the problem as LPP from the point of view of both the players. Obtain the value of game and optimal strategies of players by using any method. XX = last two digits of your roll no.

Firm X is fighting for its life against the determination of firm Y to drive it out of the industry. Firm X has the choice of increasing price, leaving it unchanged, or lowering it. Firm Y has the same three options. Firm X's gross sales in the event of each of the pairs of choice are shown below. Firm Y's pricing strategy Increase price Do not change Reduce price Increase price 90+XX 80+XX 110+XX Firm X's prieing strategy Do not change 110+XX 100+XX 90+XX Reduce price 120+XX 70+XX 80+XX Formulate the problem as LPP from the point of view of both the players. Obtain the value of game and optimal strategies of players by using any method. XX = last two digits of your roll no.

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter2: Systems Of Linear Equations

Section2.4: Applications

Problem 6EQ: Redo Exercise 5, assuming that the house blend contains 300 grams of Colombian beans, 50 grams of...

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