Metadata
Business & Economics Undergraduate Create Hard-
Subject
Business & Economics
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Education level
Undergraduate
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Cognitive goals
Create
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Difficulty estimate
Hard
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Tags
dynamic pricing, inventory control, stochastic optimization, machine learning, demand forecasting, e-commerce
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Number of questions
5
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Created on
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Generation source
Fully autonomous and synthetic. Generation by GENO 0.1A using GPT-5-mini
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License
CC0 Public domain
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Prompt
Assess students' ability to design an end-to-end algorithmic dynamic pricing and inventory-control strategy for a multinational e‑commerce retailer that maximizes expected profit under stochastic demand. The quiz should test skills in (1) formulating a stochastic decision model (state, actions, constraints, objective) that incorporates price elasticity, competitor pricing responses, periodic promotions, multi-market inventory and lead times; (2) building and integrating machine‑learning demand and elasticity forecasts with uncertainty quantification; (3) selecting and justifying a solution approach (stochastic dynamic programming, model predictive control, approximate dynamic programming) and providing algorithm/pseudocode; and (4) proposing evaluation methods (simulation/backtesting, KPI metrics, sensitivity and robustness analysis) and practical implementation considerations (computation, scalability, risk limits, data requirements). Limit scope to undergraduate advanced-level methods and provide clear assumptions and deliverables.
Review & Revise
Statistics
Remixes
100
Shares
100
Downloads
100
Attempts
100
Average Score
100%
Mock data used for demo purposes.