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'''Open Options Corporation''' is a privately owned business strategy consulting company that specializes in applied [[game theory]] and [[business war games]] where there are multiple stakeholders who can all influence the final outcome of a particular situation.
Open Options’ original software development was funded by the [[CIA]] through a company called Waterloo Engineering Software. The software was designed to help the American government better anticipate the collapse of the Soviet Union into many different breakaway republics.<ref name= "Globe and Mail"> https://www.theglobeandmail.com/servlet/story/RTGAM.20070125.rmgame0125/BNStory/specialROBmagazine/home </ref> The software was based on academic research by Dr. Niall Fraser from the [[University of Waterloo]]. Dr. Fraser has written several books on game theory including Mathematical Modeling of Resolutions of Conflict<ref name= "Mathematical Modeling of Resolutions"> Okada, N, K.W. Hipel, N.M. Fraser and M. Fukushima (1988). Mathematical Modeling of Resolutions of Conflict, Kyoto Japan: Gendai Sugakusha (in Japanese).</ref> and Conflict Analysis: Models and Resolutions.<ref name= "Conflict Analysis"> Fraser, N.M. and K.W. Hipel (1984). Conflict Analysis: Models and Resolutions. New York: North-Holland. </ref>
Open Options uses a type of game theory called Ordinal Non-cooperative Game Theory which is a less well-known sub-section of game theory.<ref name = "Globe and Mail" /> However, this approach and proprietary software enables Open Options to analyze millions of possible outcomes.<ref name = "Globe and Mail" /><ref name= "Economist">http://www.economist.com/business/displaystory.cfm?story_id=9257879 </ref><ref name= "Risk Management Magazine"> http://www.rmmag.com/MGTemplate.cfm?Section=MagArchive&NavMenuID=304&template=/Magazine/DisplayMagazines.cfm&Archive=1&IssueID=212&AID=2316&Volume=51&ShowArticle=1</ref><ref name= "CFO magazine"> http://www.cfo.com/article.cfm/11700044?f=search </ref>
==References==
{{Reflist}}
[https://pdx.academia.edu/nathanFlow business ideas]
==External links==
*[http://openoptions.com Company website]
[[Category:Game theory]]
[[Category:Business planning]]
[[Category:Consulting firms]]
Open Options’ original software development was funded by the [[CIA]] through a company called Waterloo Engineering Software. The software was designed to help the American government better anticipate the collapse of the Soviet Union into many different breakaway republics.<ref name= "Globe and Mail"> https://www.theglobeandmail.com/servlet/story/RTGAM.20070125.rmgame0125/BNStory/specialROBmagazine/home </ref> The software was based on academic research by Dr. Niall Fraser from the [[University of Waterloo]]. Dr. Fraser has written several books on game theory including Mathematical Modeling of Resolutions of Conflict<ref name= "Mathematical Modeling of Resolutions"> Okada, N, K.W. Hipel, N.M. Fraser and M. Fukushima (1988). Mathematical Modeling of Resolutions of Conflict, Kyoto Japan: Gendai Sugakusha (in Japanese).</ref> and Conflict Analysis: Models and Resolutions.<ref name= "Conflict Analysis"> Fraser, N.M. and K.W. Hipel (1984). Conflict Analysis: Models and Resolutions. New York: North-Holland. </ref>
Open Options uses a type of game theory called Ordinal Non-cooperative Game Theory which is a less well-known sub-section of game theory.<ref name = "Globe and Mail" /> However, this approach and proprietary software enables Open Options to analyze millions of possible outcomes.<ref name = "Globe and Mail" /><ref name= "Economist">http://www.economist.com/business/displaystory.cfm?story_id=9257879 </ref><ref name= "Risk Management Magazine"> http://www.rmmag.com/MGTemplate.cfm?Section=MagArchive&NavMenuID=304&template=/Magazine/DisplayMagazines.cfm&Archive=1&IssueID=212&AID=2316&Volume=51&ShowArticle=1</ref><ref name= "CFO magazine"> http://www.cfo.com/article.cfm/11700044?f=search </ref>
==References==
{{Reflist}}
[https://pdx.academia.edu/nathanFlow business ideas]
==External links==
*[http://openoptions.com Company website]
[[Category:Game theory]]
[[Category:Business planning]]
[[Category:Consulting firms]]
