The Newsvendor Model: A newsvendor can buy the Wall Street Journal newspapers for 40 cents each and sell them for 75 cents.
{"Image DocumentName": "The Newsvendor Model: A newsvendor can buy the Wall Street Journal newspapers for 40 cents each and sell them for 75 cents.", "Image ImageDescription": "However, he must buy the papers before he knows how many he can actually sell. If he buys more papers than he can sell, he disposes of the excess at no additional cost. If he does not buy enough papers, he loses potential sales now and possibly in the future. Suppose that the loss of future sales is captured by a loss of goodwill cost of 50 cents per unsatisfied customer.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}