Please share some of your or your company's war stories about being short of inventory/capacity or having inventory/capacity in excess as a result of a "newsvendor" situation (where you had to make quantity decisions up front for uncertain demands). You can even describe a current challenge you face. Try to apply the terminology of the chapter to describe your experience. What was the "single period" demand season? What was the ordering decision? How long in advance did you have to make a decision? What happened? Given what you learned from this session, how would you approach the problem now (discuss in terms of overage cost and underage cost and forecast variability)? (If you don't have an example from your company, give any example of a newsvendor decision that you have made in your daily life.)