The one-period inventory model is commonly known as the newsboy problem.

Name: The one-period inventory model is commonly known as the newsboy problem.
Brand: Quizplus
Rating: 4.8 (34 reviews)

Question

Quizplus · Accepted Answer

The one-period inventory model is indeed commonly known as the newsboy problem. This is because it is based on the idea of a newsboy who has to decide how many newspapers to purchase to sell for a profit, without ending up with unsold inventory at the end of the day.

The One-Period Inventory Model Is Commonly Known as the Newsboy