Game Theoretic Models of Operations
IEORE4407 Game Theoretic Models of Operations
3 pts. Lect: 3. IEOR E3608: Introduction to Mathematical Programming or IEOR E4004: Introduction to Operations Research: Deterministic Models, IEOR E3106 or IEOR E4106: Introduction to Operations Research: Stochastic Models, familiarity with differential equations and computer programming; or instructor's permission. This course is required for undergraduate students majoring in OR:FE and OR. One of the major discrepancies between traditional operations research models and the actual business decision making process is the presence of multiple agents and their mutual interaction. Competitors, consumers, and suppliers are agents seeking their self-interest, and their actions affect one's profit and optimal decision. This course exposes students to strategic thinking through game theory. Students will learn the theory of games and auctions and gain insights into their application to operations management. No previous knowledge of game theory is assumed; students who have taken a game theory class should consult the instructor prior to enrollment.