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newsvendor

 

Definitions from WordNet

Noun newsvendor has 1 sense
  1. newsagent, newsdealer, newsvendor, newsstand operator - someone who sells newspapers
    --1 is a kind of shopkeeper, tradesman, storekeeper, market keeper

Definitions from the Web

Newsvendor

Description

A newsvendor refers to a person or business that sells newspapers, magazines, or other news-related materials.

Senses and Usages

1. Noun - Occupation

Definition:

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 Model

Definition:

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.

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