A Banker's Cash Drawer and the Wrong Number to Order

The newsvendor problem began, by later accounts, with a bank deciding how much cash to hold in 1888; it shows why the average forecast is the wrong order…

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Hello, nice to meet you.

I'm Lavi. I work on supply chain planning by day and build odd little things on this site by night. If something here was useful, or you'd like to talk planning, games, books or a trip, write to me. I reply to most notes within a few weeks.