2min chapter

Planet Money cover image

Summer School 6: Operations and 25,000 roses

Planet Money

CHAPTER

Understanding Variability and the News Vendor Model

This chapter explores the concept of variability and its effects on operations, including how it can lead to long lines and bottlenecks. The professor also introduces the news vendor model for determining product orders, and provides updates on the upcoming graduation and final exam for the summer school series.

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