HOW HAS THE USE OF GAME THEORY AFFECTED BUSINESS INTELLIGENCE SYSTEM

HOW HAS THE USE OF GAME THEORY AFFECTED BUSINESS INTELLIGENCE SYSTEM

Registration ID: IJNRD_201713

Published ID: IJNRD2307307

DOI: Click Here to Get

Raghav Kajaria

Business systems, Cournot models, Decision making, Game theory

Game theory is the study of strategic decision-making, while business intelligence systems are an attempt to apply the scientific method to the business world in order to determine the optimal course of action for achieving a desired result. Several disciplines come together in game theory, including mathematics, economics, philosophy, and psychology. However, a business intelligence system is an informational framework that makes use of business intelligence instruments to both disseminate and generate data. In order to generate novel business strategic directions, businesses utilize business intelligence technologies to process raw data into actionable insights for analysis. There must be a balance between facts and expert opinion when making business decisions (OberholzerGee, 2007). The paper then examines game theoretic tactics for strategic decision making, focusing on the prisoner's dilemma idea and Cournot models, and provides a glimpse into the potential of game theory to analyze historical data in light of present conditions and forecast the future of a company.

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"HOW HAS THE USE OF GAME THEORY AFFECTED BUSINESS INTELLIGENCE SYSTEM", IJNRD - INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (www.IJNRD.org), ISSN:2456-4184, Vol.8, Issue 7, page no.d52-d61, July-2023, Available :https://ijnrd.org/papers/IJNRD2307307.pdf

Volume 8 Issue 7, July-2023

Pages : d52-d61

Paper Reg. ID: IJNRD_201713

Published Paper Id: IJNRD2307307

Downloads: 000121116

Research Area: Commerce

Country: New Delhi, Delhi, India

Published Paper PDF: https://ijnrd.org/papers/IJNRD2307307.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2307307

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016

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