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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.
No transcript available for this episode.