The traveling salesman problem (TSP) is a widely studied combinatorial optimization problem, which, given a set of cities and a cost to travel from one city to another, seeks to identify the tour that will allow a salesman to visit each city only once, starting and ending in the same...
The objective of game theory is to analyze the relationship
between decision-making situations in order to achieve a
desirable outcome. The theory can be applied to a wide range
of applications, including, but not limited to, economics,
politics and even the biological sciences. In essence, game
theory serves as means...
Optimization and Game Theory have certain conceptual overlaps. It is even said that John von Neumann
conjectured the Duality Theorem using information from his game theory. This article discusses two optimization
applications to the game theory: a methodology for solving the Nash Equilibrium and a decentralized model in
supply chain...