max-min inventory control

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• Newsvendor — The newsvendor (or newsboy) model is a mathematical model in operations management and applied economics used to determine optimal inventory levels. It is (typically) characterized by fixed prices and uncertain demand. If the inventory level is q …   Wikipedia

• Newsvendor model — The newsvendor (or newsboy or single period[1]) model is a mathematical model in operations management and applied economics used to determine optimal inventory levels. It is (typically) characterized by fixed prices and uncertain demand for a… …   Wikipedia

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