International Journal of Advance Computational Engineering and Networking (IJACEN)
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Statistics report
Aug. 2020
Submitted Papers : 80
Accepted Papers : 10
Rejected Papers : 70
Acc. Perc : 12%
Issue Published : 87
Paper Published : 1231
No. of Authors : 3095
  Journal Paper

Paper Title
Game Theory And Business Intelligence In Strategic Business Decisions- A Review

Abstract
Game theory and business intelligence are two mature areas of research; game theory being the study of strategic decision-making brings together several disciplines such as philosophy, mathematics and psychology. On the other hand, business intelligence is a set of techniques and tools that are used to transform raw data into meaningful and useful information for business analysis purposes which can be used to create new business strategic direction. Making business decisions is a balance between data and opinion: opinion being the best possible professional judgment. The paper further looks at game theory strategies based on prisoner's dilemma concept and Cournot model that can be used for strategic decision making and gives an insight into the possibilities of using game theory to look at the past using current data and predict the future for a business. Key words- Game theory, business intelligence, strategy, prisoner's dilemma, Cournot strategy


Author - Violet Asikomurwa, Manar Mohaisen

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| Published on 2015-08-04
   
   
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