Cover: On the Construction of a Multi-Stage, Multi-Person Business Game

On the Construction of a Multi-Stage, Multi-Person Business Game

Published 1957

by Richard Ernest Bellman, Charles E. Clark, Clifford J. Craft, Donald G. Malcolm, Franc M. Ricciardi


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A discussion of a multi-stage, multi-person, business game to be used for executive training purposes by the American Management Association. The basic philosophy of game play is analyzed, together with the difficulties encountered in constructing business games. Several features of the particular game considered are presented: the absence of an explicit criterion function, the principle of marginal change, hidden formulas, and minimal computation.

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