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Newsvendor Model Simulation Spreadsheet
Excel Spreadsheet Model for Single Period Inventory Problems
The spreadsheet (Excel) of a single-period inventory model with stochastic demand can be used as a simulation tool for engineering education or Decision Support System. Based on spreadsheet techniques and examples described in the following sources: Albright S. C., & Winston W. L. (2005). Spreadsheet modeling and applications: essentials of practical management science, South-Western Pub. Albright, S. C. W. C., Winston, W., & Zappe, C. (2010). Data analysis and decision making. Cengage...
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