Question: Task 5: Newsvendor Model (max. 16 points) (a) Please use your own words to explain the logic of the newsvendor model (3 points) (b) Compare

Task 5: Newsvendor Model (max. 16 points) (a) Please use your own words to explain the logic of the newsvendor model (3 points) (b) Compare the newsvendor model to the EOQ model also using appropriate examples. Re- late each model to inventory decision making in firms. (4 points)

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