Abstract
Presents the decision problems encountered in setting up a stall at the fun fair organized at IIMA. Customers had tries at dropping a coin into a bowl kept inside a bucket of water. Given several hypotheses on the nature of uncertainties (probability of successes and number of customers), issues on the pricing strategy are raised.
Additional Information
| Product Type | Case |
|---|---|
| Reference No. | QM0136 |
| Title | Drop the Coin into the Bowl |
| Pages | 1 |
| Published on | Jan 1, 1978 |
| Year of Event | 1977 |
| Authors | Prasad, R Venkataramana; Malya, M Meenakshi; |
| Area | Quantitative Methods (QM) |
| Discipline | Operations Management, Quantitative Methods |
| Sector | Miscellaneous |
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