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Compact case
Case
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Reference no. UVA-QA-0346
Subject category: Case Method and Specialist Management Disciplines
Authors: Sherwood C Frey Jr (Darden School of Business, University of Virginia); Phillip E Pfeifer (Darden School of Business, University of Virginia)
Published by: Darden Business Publishing
Originally published in: 1986
Version: January 1993
Revision date: 24-Jul-2023
Length: 2 pages
Data source: Published sources
Topics: Decision analysis
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Abstract

George Lasiter sells special-events T-shirts and must decide how many to order for an upcoming concert. He has high, medium, and low estimates of both concert attendance and the percentage of attendees who will want a shirt. In addition, he has assessed the relative likelihoods of each estimate. The case can be used to introduce or reinforce the fundamental issues surrounding decision making under uncertainty.
Teaching note
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Reference no. UVA-QA-0346TN
Subject category: Case Method and Specialist Management Disciplines
Authors: Sherwood C Frey Jr (Darden School of Business, University of Virginia); Phillip E Pfeifer (Darden School of Business, University of Virginia)
Published by: Darden Business Publishing
Published in: 1994
Length: 16 pages
View full details
Addendum
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Reference no. UVA-QA-0548
Subject category: Case Method and Specialist Management Disciplines
Authors: C Sherwood Jr (Darden School of Business, University of Virginia)
Published by: Darden Business Publishing
Originally published in: 1999
Version: August 2003
Length: 1 pages
Topics: Risk analysis
View full details

About

Abstract

George Lasiter sells special-events T-shirts and must decide how many to order for an upcoming concert. He has high, medium, and low estimates of both concert attendance and the percentage of attendees who will want a shirt. In addition, he has assessed the relative likelihoods of each estimate. The case can be used to introduce or reinforce the fundamental issues surrounding decision making under uncertainty.

Related

Teaching note
-
Reference no. UVA-QA-0346TN
Subject category: Case Method and Specialist Management Disciplines
Authors: Sherwood C Frey Jr (Darden School of Business, University of Virginia); Phillip E Pfeifer (Darden School of Business, University of Virginia)
Published by: Darden Business Publishing
Published in: 1994
Length: 16 pages
View full details
Addendum
-
Reference no. UVA-QA-0548
Subject category: Case Method and Specialist Management Disciplines
Authors: C Sherwood Jr (Darden School of Business, University of Virginia)
Published by: Darden Business Publishing
Originally published in: 1999
Version: August 2003
Length: 1 pages
Topics: Risk analysis
View full details