About this episode
Sun’s out… ice cream vans are back… but how does an ice cream seller decide how much to make?
In this episode of PM in the PM, we break down a classic ACCA Performance Management scenario using a simple, real-world example:
Maximax
Maximin
Minimax regret
Expected value
With the added twist of perishable stock (must sell or throw away) and imperfect information (weather forecasts), this becomes a perfect PM discussion.
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