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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is inventory optimization?
💡 Hint: Think about how a store balances stock.
Question 2
Easy
What is the purpose of demand forecasting?
💡 Hint: Consider why companies want to know what customers will buy.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What technique is often used for inventory optimization?
- Linear Programming
- Regression Analysis
- Time Series Analysis
💡 Hint: Think about balancing stock and costs.
Question 2
True or False: Demand forecasting helps in planning inventory.
- True
- False
💡 Hint: Think about how businesses prepare for customer needs.
Solve and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A company struggles with high inventory costs while facing fluctuating customer demands. Create a linear programming model that can optimize their inventory management.
💡 Hint: Think about how each product affects overall costs.
Question 2
A food delivery startup uses past order data to predict future sales. How could they implement a demand forecasting model to accommodate peak and off-peak hours?
💡 Hint: Consider seasonality and local events.
Challenge and get performance evaluation