INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)
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.
Keywords:
Business systems, Cournot models, Decision making, Game theory
Cite Article:
"HOW HAS THE USE OF GAME THEORY AFFECTED BUSINESS INTELLIGENCE SYSTEM", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.8, Issue 7, page no.d52-d61, July-2023, Available :http://www.ijnrd.org/papers/IJNRD2307307.pdf
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ISSN:
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
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