Students should be able to:
1. Explain the .concept and importance of modelling;
2. Distinguish between dependent and independent variables in modeling
3. State examples of modeling
4 Explain solutions of problems in modelling
Students should be able to:
1. Explain concept and importance of modeling;
2. Distinguish between dependent and independent variables in modeling
3. State examples of modeling
4. Explain solutions of problems in modeling
Students should be able to:
1. Explain the importance of games theory in decision making
2. Describe various types of games
3. Represent games in matrix form
4. Learn the technique of finding strategies and values of two-person zero-sum games sing pure and mixed strategies