The ex-Manchester United forward wants to take on the role after Sherwood was axed on Sunday.
Villa - currently bottom of the Premier League - are reportedly in talks with former Lyon boss Remi Garde but Yorke, who scored 97 goals in 294 games for the club, wants his shot at the job.
"There are young people ready to break into management and I don't see any reason why I shouldn't put my name in the hat," he told Talksport.
"People will say I don't have any experience, but we've seen people with experience go in there and struggle to do a job.
"I know that club inside out and I've looked at the squad, there's enough in there to get them out of this position and there's enough time as well.
"It's whether the owners are prepared to give an aspiring young manager an opportunity. You look at the managers available now, it's a merry-go-round.
"In the 30 years I've been involved in football it's been the same people getting job after job, so why are young managers doing all their coaching badges but not getting that opportunity?
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