Published June 18, 2022
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THE VALUE OF THE MATRIX GAME, THE MINIMAX PRINCIPLE AND ITS ECONOMIC ANALYSIS.
Description
Almost all management decisions and financial transactions are carried out under conditions of uncertainty. Because of this, their results are unpredictable. Consequently, the usefulness of decisions taken by one side leads to conflict situations on the other side. There are enlightened some examples of solutions for analyzing the lower and upper estimates of the payment matrix in this article.
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