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Technical note
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Reference no. UVA-OM-1441
Authors: Gal Raz
Published by: Darden Business Publishing
Originally published in: 2011
Version: 16 September 2011
Length: 6 pages
Data source: Published sources

Abstract

This note uses the traditional newsvendor model to present strategies for inventory management when demand is uncertain. Methods for determining the critical ratio of overage and underage costs and the optimal stock level are discussed.
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Abstract

This note uses the traditional newsvendor model to present strategies for inventory management when demand is uncertain. Methods for determining the critical ratio of overage and underage costs and the optimal stock level are discussed.

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Industry:

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