| Article ID: | iaor19991574 |
| Country: | Netherlands |
| Volume: | 100 |
| Issue: | 3 |
| Start Page Number: | 557 |
| End Page Number: | 561 |
| Publication Date: | Aug 1997 |
| Journal: | European Journal of Operational Research |
| Authors: | Lau Hon-Shiang |
| Keywords: | programming: dynamic |
This educational note presents closed-form (or near closed-form) formulas for computing the expected cost and the optimal expected cost of the newsboy problem. The formulas are sufficiently easy to be used in undergraduate OR and MBA operations-management courses.