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In a newsvendor model, what happens when the overage cost is higher than the underage cost? Group of answer choices A leftover is more costly
In a newsvendor model, what happens when the overage cost is higher than the underage cost? Group of answer choices A leftover is more costly than a lost-sale. The optimal newsvendor order quantity will be lower than the mean demand. The critical ratio will be lower than 50%. All of the above
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