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Preparing Our Students to Be Newsvendors

Author

Listed:
  • Phillip E. Pfeifer

    (Darden Graduate School of Business, University of Virginia, P.O. Box 6550, Charlottesville, Virginia 22906-6550)

  • Samuel E. Bodily

    (Darden Graduate School of Business, University of Virginia)

  • Robert L. Carraway

    (Darden Graduate School of Business, University of Virginia)

  • Dana R. Clyman

    (Darden Graduate School of Business, University of Virginia)

  • Sherwood C. Frey

    (Darden Graduate School of Business, University of Virginia)

Abstract

Teachers of management science in schools of business use a variety of criteria in deciding what to teach and how to teach it. An important criterion that is often ignored is how our students will—as opposed to could or even should—actually address decision-making situations they encounter after taking our courses. One such situation that is commonly addressed in management science courses is the newsvendor problem. Applying the criterion of how students are expected to act when facing a newsvendor problem or any other of the situations commonly addressed in management science courses is an important factor to consider when designing managerially relevant courses.

Suggested Citation

  • Phillip E. Pfeifer & Samuel E. Bodily & Robert L. Carraway & Dana R. Clyman & Sherwood C. Frey, 2001. "Preparing Our Students to Be Newsvendors," Interfaces, INFORMS, vol. 31(6), pages 112-122, December.
    • Handle: RePEc:inm:orinte:v:31:y:2001:i:6:p:112-122
    DOI: 10.1287/inte.31.6.112.9639
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    References listed on IDEAS

    as
    1. Lau, Hon-Shiang & Lau, Amy Hing-Ling, 1997. "Reordering strategies for a newsboy-type product," European Journal of Operational Research, Elsevier, vol. 103(3), pages 557-572, December.
    2. Casimir, Rommert J., 1999. "Strategies for a blind newsboy," Omega, Elsevier, vol. 27(1), pages 129-134, February.
    3. Steven A. Lippman & Kevin F. McCardle, 1997. "The Competitive Newsboy," Operations Research, INFORMS, vol. 45(1), pages 54-65, February.
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    Cited by:

    1. Xiangling Hu & Ashok Kumar, 2013. "Case Article ---Beijing Opera Mask Sales in Four Cities in the United States," INFORMS Transactions on Education, INFORMS, vol. 13(3), pages 138-144, May.

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