Your boss, Amanda, runs a bookstore. A wildly popular book is re$-$releasing at the same time as the movie adaptation. She is looking for a way to calculate maximized profit for future predicted demand while minimizing overstock. And, she is guaranteeing the book to be immediately available to customers, $98\%$ in$-$stock.

How do you explain to your boss, Amanda, the newsvendor model?

What do you tell her is the advantage of using the model?

What is the weakness of the model given her desire to have a $98\%$ in$-$stock probability