Which mathematical optimization technique revolutionized retail inventory management by reducing stockouts by up to 30% while minimizing holding costs?

The retail industry has been transformed by advanced mathematical algorithms and software tools designed specifically for inventory management, price optimization, and customer behavior analysis. As mathematics becomes increasingly central to retail success, specialized software has evolved to meet these unique challenges. Test your knowledge about how mathematical software is changing the face of retail operations and decision-making processes.

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Monte Carlo simulation
Multi-echelon inventory optimization (MEIO)
Principal Component Analysis (PCA)
Reinforcement learning algorithms