utdallas.edu/~metin 1 Newsvendor Model Chapter 9 utdallas.edu/~metin 2 Learning Goals x Determine the optimal level of product availability – Demand forecasting – Profit…
Slide 1 Betting on Uncertain Demand: Newsvendor Model Optional reading: Cachon’s book (reference textbook) – Ch. 11. Slide 2 The Newsboy Model: an Example Mr. Tan, a…