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Nash Equilibrium In Game Theory ~xRay Pixy

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 Video Link  CLICK HERE... Learn Nash Equilibrium In Game Theory Step-By-Step Using Examples. Video Chapters: Nash Equilibrium  00:00 Introduction 00:19 Topics Covered 00:33 Nash Equilibrium  01:55 Example 1  02:30 Example 2 04:46 Game Core Elements 06:41 Types of Game Strategies 06:55  Prisoner’s Dilemma  07:17  Prisoner’s Dilemma Example 3 09:16 Dominated Strategy  10:56 Applications 11:34 Conclusion The Nash Equilibrium is a concept in game theory that describes a situation where no player can benefit by changing their strategy while the other players keep their strategies unchanged.  No player can increase their payoff by changing their choice alone while others keep theirs the same. Example : If Chrysler, Ford, and GM each choose their production levels so that no company can make more money by changing their choice, it’s a Nash Equilibrium Prisoner’s Dilemma : Two criminals are arrested and interrogated separately. Each has two ...

Optimization Engineering - Design Optimization

 [ CAN Design Optimization using Teaching Learning Based Optimization Algorithm]


PROBLEM STATEMENT: Design a Can to Hold 800ml Liquid.

OBJECTIVE: Minimize the CAN Manufacturing Cost, Minimize Amount of Sheet Metal Required. 

CONSTRAINTS: For Diameter, It should be no greater than 16 cm and no less than 4.0 cm, For Height, It should be no more than 36 cm and no less than 16 cm.
                                                    4.0 <= Diameter <= 16; cm
                                                    16<= Height <= 36; cm

Constraints to HOLD 800ml Liquid Capacity.
OBJECTIVE FUNCTION: COST Function Used to Solve this problem:
RESULT: AFTER OPTIMIZATION USING TEACHING LEARNING BASED OPTIMIZATION ALGORITHM

Optimal Diameter 4.3679
Optimal Height 34.0069
Best Cost = 207.24

Teaching Learning Based Optimization Algorithm

 | TLBO Numerical Example |

Learn Teaching Learning Based Optimization Algorithm Step-by-Step with Numerical Example.

Teaching Learning Based Optimization Algorithm is based on the effect of Teacher on the Learners in the class. Teaching Learning Based Optimization Algorithm is basically inspired by the behavior of learners in the classroom. In Teaching Learning Based Optimization Algorithm 2 main procedure are followed:

  1. Teaching Phase: Learners study from the Teacher.
  2. Learner Phase: Learners can interact with each other and they can randomly interact with each other.

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