What does newsvendor model mean?
Definitions for newsvendor model
newsven·dor mod·el
This dictionary definitions page includes all the possible meanings, example usage and translations of the word newsvendor model.
Wikidata
Newsvendor model
The newsvendor model is a mathematical model in operations management and applied economics used to determine optimal inventory levels. It is characterized by fixed prices and uncertain demand for a perishable product. If the inventory level is, each unit of demand above is lost. This model is also known as the Newsvendor Problem or Newsboy Problem by analogy with the situation faced by a newspaper vendor who must decide how many copies of the day's paper to stock in the face of uncertain demand and knowing that unsold copies will be worthless at the end of the day.
Numerology
Chaldean Numerology
The numerical value of newsvendor model in Chaldean Numerology is: 8
Pythagorean Numerology
The numerical value of newsvendor model in Pythagorean Numerology is: 8
Translations for newsvendor model
From our Multilingual Translation Dictionary
Get even more translations for newsvendor model »
Translation
Find a translation for the newsvendor model definition in other languages:
Select another language:
- - Select -
- 简体中文 (Chinese - Simplified)
- 繁體中文 (Chinese - Traditional)
- Español (Spanish)
- Esperanto (Esperanto)
- 日本語 (Japanese)
- Português (Portuguese)
- Deutsch (German)
- العربية (Arabic)
- Français (French)
- Русский (Russian)
- ಕನ್ನಡ (Kannada)
- 한국어 (Korean)
- עברית (Hebrew)
- Gaeilge (Irish)
- Українська (Ukrainian)
- اردو (Urdu)
- Magyar (Hungarian)
- मानक हिन्दी (Hindi)
- Indonesia (Indonesian)
- Italiano (Italian)
- தமிழ் (Tamil)
- Türkçe (Turkish)
- తెలుగు (Telugu)
- ภาษาไทย (Thai)
- Tiếng Việt (Vietnamese)
- Čeština (Czech)
- Polski (Polish)
- Bahasa Indonesia (Indonesian)
- Românește (Romanian)
- Nederlands (Dutch)
- Ελληνικά (Greek)
- Latinum (Latin)
- Svenska (Swedish)
- Dansk (Danish)
- Suomi (Finnish)
- فارسی (Persian)
- ייִדיש (Yiddish)
- հայերեն (Armenian)
- Norsk (Norwegian)
- English (English)
Word of the Day
Would you like us to send you a FREE new word definition delivered to your inbox daily?
Citation
Use the citation below to add this definition to your bibliography:
Style:MLAChicagoAPA
"newsvendor model." Definitions.net. STANDS4 LLC, 2024. Web. 18 Nov. 2024. <https://www.definitions.net/definition/newsvendor+model>.
Discuss these newsvendor model definitions with the community:
Report Comment
We're doing our best to make sure our content is useful, accurate and safe.
If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.
Attachment
You need to be logged in to favorite.
Log In