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Newsvendor · inventory under uncertainty

The Orange Daily

Mr. Chan's news-stand · 20 trading days Order once each morning. Demand arrives after.
He pays
$2.00
per copy, wholesale
He sells at
$7.00
per copy
Scrap value
$0.50
unsold, end of day

This is Mr. Chan's first day of trading, so there is no sales history to go on. You have been advised to order 250 copies.

This morning

Day 1 of 20

The ledger

DayOrderedDemand SoldLeftProfit
No trading yet. Place this morning's order.