Which mathematical concept revolutionized retail inventory management by allowing stores to determine optimal reorder points, significantly reducing costs while maintaining service levels?

Modern retail has been transformed by advanced mathematical models and algorithms. From inventory optimization to customer behavior prediction, mathematics plays a crucial role in how retailers make strategic decisions. This poll tests your knowledge about a significant mathematical innovation that revolutionized retail analytics and inventory management across the industry.

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Economic Order Quantity (EOQ) model
Markov Chain Monte Carlo simulations
Fibonacci sequence planning
Nash equilibrium distribution