Question $5[15$ pts$]$

a$.$ The Newsvendor model is used to determine the optimal order quantity for perishable or seasonal goods.

TRUE $/$ FALSE

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b$.$ The Newsvendor model is applicable only if the demand is normally distributed.

TRUE $/$ FALSE

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c$.$ The EMSR $($Expected Marginal Seat Revenue$)$ heuristic is a common method used in overbooking decisions.

TRUE $/$ FALSE

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d$.$ The primary goal of overbooking is to ensure customer satisfaction.

TRUE $/$ FALSE

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e$.$ Airlines often use overbooking policies to ensure full utilization of seats on a flight.

TRUE $/$ FALSE