OPSM 501: Operations Management Week 11: The Newsvendor Problem-ways to avoid mismatch Koç University Graduate School of Business MBA Program Zeynep Aksin.
Chapter 12: Inventory Control. Purposes of Inventory 1. To maintain independence of operations 2. To meet variation in product demand 3. To allow flexibility.
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Supply Chain Management Lecture 22. Outline Today –Finish Chapter 12 Sections 1, 2, 3 –Section 2 up to and including Example 12.2 Thursday –Homework 5.
Betting on Uncertain Demand: Newsvendor Model Optional reading: Cachon’s book (reference textbook) – Ch. 11.
Newsvendor Problem