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Research the newsvendor model (e.g., watch a video about it). When should this model be used to manage inventory? What are the parameters of the

  1. Research the newsvendor model (e.g., watch a video about it).
  2. When should this model be used to manage inventory?
  3. What are the parameters of the newsvendor model?
  4. List at least 10 examples in which the newsvendor model can be used to find the optimal order quantity.
  5. Calculate the cost of overage (
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