newsvendor
- noun
- /ˈnjuːzˌvɛndər/
- US
- The newsvendor yelled out the headlines to attract customers passing by.
Examples
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The above heuristic is clearly not optimal. It does capture the dynamic nature of the problem by maximizing the probability of reaching the base-stock levels that are optimal for the newsvendor problem and provides a mechanism to determine the static commitments.
Academic text (1997) -
He bought a newspaper from the newsvendor on the corner of Main Street.
-
Every morning, the newsvendor sets up his stand to sell the latest papers to commuters.
Synonyms
A person who travels to sell small goods in streets or markets
A boy who sells or delivers newspapers
A person who sells goods in the street or at markets
A person who sells newspapers on the street, often a child
A shop or person that sells newspapers, magazines and small snacks
A person who sells newspapers and sometimes magazines to people
A person who sells newspapers and magazines at a small street stall
How Specialized
- US
- US
- UK
Surface Forms
Morphology
Etymology
Newsvendor is made from news and vendor, where vendor means 'seller' and news means 'new information'. So a newsvendor is literally a seller of 'new' information — someone who sells newspapers, often on the street.