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Simple formulas for the expected costs in the newsboy problem: An educational note. (English) Zbl 0917.90109
Summary: This educational note presents closed-form (or near closed-form) formulas for computing the expected cost and the optimal expected cost of the newsboy problem. The formulas are sufficiently easy to be used in undergraduate OR and MBA operations-management courses.

90B05Inventory, storage, reservoirs
Full Text: DOI
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