The Newsvendor Problem

  • Evan L. Porteus
Part of the International Series in Operations Research & Management Science book series (ISOR, volume 115)

The newsvendor problem has numerous applications for decision making in manufacturing and service industries as well as decision making by individuals. It occurs whenever the amount needed of a given resource is random, a decision must be made regarding the amount of the resource to have available prior to finding out how much is needed, and the economic consequences of having “too much” and “too little” are known.

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Copyright information

© Springer Science+Business Media, LLC 2008

Authors and Affiliations

  • Evan L. Porteus

There are no affiliations available

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