The 'newsvendor problem' is a classic teaser in stochastic inventory control, widely used to analyze supply chains in seasonal product industries. This is the first handbook devoted to the topic, presenting basic models and numerous practical applications.

This book explores deterministic and stochastic EOQ-model based problems and applications, presenting technical analyses of single-echelon EOQ model based inventory problems, and applications of the EOQ model for multi-echelon supply chain inventory analysis.