The level of uncertainty in demand increases

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Reference no: EM132114358

Comment on the following statement: In a single-season inventory management scenario where the overage and underage costs are known, as the level of uncertainty in demand increases, all else being the same, the optimal order quantity also increases. Is that statement generally true, generally false, or does it depend on some other information? You should support your answer with facts drawn from your knowledge of the newsvendor model.

Reference no: EM132114358

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