What types of flavors should add to its stock


Discuss the below:

Q: 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

                   Daily Profits (Dollars)
                Good  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: What types of flavors should add to its stock
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