Two television stations compete with each other for viewing, Ask an Expert

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Two television stations compete with each other for viewing audience. Local programming options for the 5:00 P.M. weekday time slot include a sitcom rerun, an early news program, or a home improvement show. Each station has the same programming options and must make its preseason program selection before knowing what the other television station will do. The viewing audience gains in thousands of viewers for Station A are shown in the payoff table.

		SitcomRerunb1	News Programb2	Home Improvementb3
	Sitcom Rerun a1	10	-5	3
Station A	News Program a2	8	7	6
	Home Improvementa3	4	8	7

Determine the optimal strategy for each station. What is the value of the game?

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Operation Management, Management Studies

Category:- Operation Management
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