Sept. 19, 2023, 4:01 p.m. | Peyman Kor

Towards AI - Medium

Part 1: A Gentle Introduction to Implementing the Markov Process for Inventory Optimization.

Photo by Christin Hume on Unsplash


Inventory optimization is like solving a tricky puzzle. As a broad problem, it arises across many domains, it is all about figuring out how many products to order for your store.

Think about a bike shop owner who orders new bikes for sale. But there is a tricky situation here. If she orders too many bikes for the store, she …

bike data data science domains dynamic-programming hume introduction inventory markov markov-property optimization optmization part photo process products puzzle python reinforcement learning science think tutorial

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