Ice Creams and Risk & Uncertainty

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