Successful chain of taco restaurants

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Reference no: EM133735916

Question

You (Tio) own a successful chain of taco restaurants, and you are considering opening a new location in Worcester, MA. You have developed 3 different business models based on 3 different restaurant capacities (40, 50, and 60 customers per hour). Bigger restaurants cost more (mortgage payments, labor, utilities, maintenance, overhead) but can do more business. The payoff table for the three models is below. 40 50 60 Low Capacity Design 20000 30000 28000 Medium 16000 36000 20000 High 10000 31000 45000 Use the 5 different approaches to decide the best choice (for Hurwicz, use α=0.4). Which design would you select?

Reference no: EM133735916

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