Question
Jamii Ltd, a telecommunication company situated in Nakuru city, recently faced workers go-slow. The strike necessitated a negotiation of worker salaries through the workers union.
Jamii Ltd, a telecommunication company situated in Nakuru city, recently faced workers go-slow. The strike necessitated a negotiation of worker salaries through the workers union. The management of Jamii Ltd with help of consultants and in liaison with the Salaries and Numeration Commission (SRC) has prepared the pay-off matrix as below:
Workers Union
W1 W2 W3 W4
Consultant C1 2.5 2.7 3.5 -0.2
C2 2.0 1.1 0.8 0.8
C3 1.4 1.2 1.5 1.3
C4 3.0 1.0 1.9 0.0
Required:
a) Find the saddle point
b) Using the dominance principle, Advice the management of Jamii ltd on
a) The value of the game
b) The optimal strategy for both Jamii Ltd and workers in matrix form.
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