A popular ice cream parlor in an upscale neighborhood wants, Ask an Expert

Management Studies

A popular ice cream parlor in an upscale neighborhood wants to offer a new flavor to its patrons. Which one of three types of flavors should it add to its stock?

The parlor has the following payoff matrix for different flavors of ice cream.

Payoff Matrix

		Good	Daily Profits (Dollars) Most Likely	Poor
	A	200	175	-25
Flavor	B	150	125	-50
	C	125	100	25

Use the Hurwitz rule to decide which type of flavor should it add to its stock?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92757741

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