Excel Solver's __________ Is Based on a Method That Searches

question 2

Multiple Choice

Excel Solver's __________ is based on a method that searches for an optimal solution by iteratively adjusting a population of candidate solutions.

• A)Evolutionary Solver
• B)Goal Seeker
• C)Simplex LP
• D)GRG Nonlinear

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Definitions:

Lumpy Demand

Demand characterized by unpredictable fluctuations and variability, often challenging for businesses to manage effectively.

Safety Stock

Extra inventory held by a business to protect against stockouts due to variability in demand or supply chain disruptions.

Fill Rate

A performance metric that measures the percentage of customer demand that is met without backorders or stockouts.

Replenishment Cycle

The process or time it takes to replenish inventory in a supply chain, from ordering to receiving goods.