Consider the following two-person,zero-sum game.Payoffs are the winnings for Company X.Formulate the linear program that determines the optimal mixed strategy for Company X.
Consider a two-person,zero-sum game where the payoffs listed below are the winnings for Company X.Identify the pure strategy solution.What is the value of the game?
Shown below is the solution to the linear program for finding Player A's optimal mixed strategy in a two-person,zero-sum game.
a.What is Player A's optimal mixed strategy?
b.What is Player B's optimal mixed strategy?
c.What is Player A's expected gain?
d.What is Player B's expected loss?
Portfolio manager Max Gaines needs to develop an investment portfolio for his conservative clients.His task is to determine the proportion of the portfolio to invest in each of the five mutual funds listed below so that the portfolio provides the best return possible with a minimum risk.Formulate the maximin linear program.