Homework12 - ENGRI 1101 Engineering Applications of OR Fall...

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Unformatted text preview: ENGRI 1101 Engineering Applications of OR Fall 08 Homework 12 Game Theory Due date: 4:00pm on Friday, December 12, 2008 in the ENGRI 1101 box at the west end of the corridor on the second floor of Rhodes Hall, where it connects to Upson. Reading assignment: Handout 10-11 in the course packet. Make sure to put your name and section on the cover page and staple the problems in order. 1. (40 points) (adapted from Hillier & Lieberman) The labor union and management of a particular company have been negotiating a new labor contract. However, negotiations have now come to an impasse, with management making a final offer of a wage increase of $1.10 per hour, and the union making a final demand of a $1.60 per hour increase. Therefore, both sides have agreed to let an impartial arbitrator set the wage increase somewhere between the two figures. Each side must submit a sealed (i.e., secret) final proposal (rounded to a multiple of ten cents) for arbitration. Both sides know how the arbitrator will decide the outcome from arbitration for a given pair of proposals: the...
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This note was uploaded on 12/25/2009 for the course ENGRI 1101 at Cornell University (Engineering School).

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Homework12 - ENGRI 1101 Engineering Applications of OR Fall...

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