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Definitions from WordNet
Noun newsvendor has 1 sense
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Definitions from the WebNewsvendorDescriptionA newsvendor refers to a person or business that sells newspapers, magazines, or other news-related materials. Senses and Usages1. Noun - OccupationDefinition:A person or business entity involved in selling newspapers, magazines, or other news-related materials. Example Sentence:The newsvendor on the corner of the street always has the latest edition of my favorite magazine. 2. Noun - Mathematical ModelDefinition:In the field of operations management, a newsvendor model is a mathematical model used to optimize inventory decisions for perishable goods with uncertain demand. Example Sentence:The company used a newsvendor model to determine the optimal order quantity for their limited edition merchandise. Related Products on Amazon | ||||
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