Extended newsvendor model

Extended newsvendor models are variations of the classic newsvendor model involving production capacity constraints, multiple products, multiple production cycles, demand dependent selling price, etc. ^[1]

2 relations: Newsvendor model, Operations management.

Newsvendor model

The newsvendor (or newsboy or single-periodWilliam J. Stevenson, Operations Management. 10th edition, 2009; page 581 or perishable) model is a mathematical model in operations management and applied economics used to determine optimal inventory levels.

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Operations management

Operations management is an area of management concerned with designing and controlling the process of production and redesigning business operations in the production of goods or services.

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Extended Newsvendor models, Extended newsvendor models.

References

[1] https://en.wikipedia.org/wiki/Extended_newsvendor_model

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