OM (with OM Online, 1 term (6 months) Printed Access Card)
6th Edition
ISBN: 9781305664791
Author: David Alan Collier, James R. Evans
Publisher: Cengage Learning
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Chapter 11, Problem 14PA
Summary Introduction
Interpretation: Change in optimal quantity
Concept Introduction: Single period inventory model is also term as News Vendor model. It is a situation in the business where they order during seasonal demand. It is the situation where the firms orders a good in anticipation of selling that item in future where demand is uncertain.
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Inventory Management | Concepts, Examples and Solved Problems; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=2n9NLZTIlz8;License: Standard YouTube License, CC-BY