Newsvendor Problem 1

The video is the first in the series in Newsvendor problems. The construction of a simple contingency table for discrete demand variation is explained using MS Excel

[mustansarraza]

Had a lot of trouble understanding the newsvendor problem from the textbook. Thank you, you made it easy.

[stSoultuner]

That was straight forward and easy to follow. Thank you.

[muraliyasvanth]

Sir. Really it was very easy after your explanation. Thanks for making it simple.

[nansimahajan]

This is done wonderfully...the concept gets very clear..thanks a lot :)

[mohamedsaadi]

Thank you very much Mr Piyush, it a very useful presentation.
But please, waht do you thing about Multi agent system for resolving such a problem in (n) supplier ans (m) retailer scope ?

[onkarshirodkar]

Wow!! Very helpful video. The concept has been explained systematically and in simple words. :)

[g.rajeshbabu]

Very useful presentation. thank you very much

[poojapaulchaudhury]

what happens in a condition if we can purchase more products at some higher price at a time if supply is less than demand?

[EyeTouch]

Dear Piyushv Shah, have you ever analyzed Newsvendor Problem with a known Demand Distribution? So called Experimental evidence?

[proletenschwein]

Very nice presentation and video. Helped alot. Just the quality of sound could be a little bit better.

[christopherwilcox]

is it such that Supply Policy= greatest probability of demand?