Expert(s): Kamala Raman, John Johnson, William McNeill
Expert(s): Kamala Raman, John Johnson, William McNeill
Game theory involves the process of analyzing strategies to deal with competitive situations where the outcome of a participant’s choice of action depends on the actions of other participants. Game theory has long been used in business to model situations with imperfect or limited information. Given all of the unknowns facing the industry, supply chain leaders should create scenarios that can be modified as the underlying assumptions evolve and change.
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