Stochastic Inventory Policy for a Sustainable Fashion Brand
Overview
What this challenge is about.
Fit a demand distribution and simulate an (s, S) inventory policy for a sustainable fashion brand to earn a verifiable certificate.
The scenario
EcoThreads is a San Francisco-based D2C startup with 15 employees, selling 50 SKUs per season. They have one warehouse and a single supplier in Portugal.
The Brief
What you'll do, and what you'll demonstrate.
Design a stochastic inventory policy that minimizes total expected cost (ordering, holding, shortage) while achieving a 98% fill rate under uncertain demand and lead time.
Earning criteria — what you'll demonstrate
- Apply stochastic inventory theory (newsvendor, (s,S) policy) to a real-world setting
- Fit probability distributions to demand data and validate assumptions
- Build a simulation to evaluate inventory policies under uncertainty
- Optimize trade-offs between service level and inventory cost
Program Fit
Where this fits in your program.
Sharpens the same skills your degree expects you to demonstrate.
Aligned coursework coming soon.
Skills
Skills you'll demonstrate.
Each one shows up on your verified credential.
- Inventory Optimization
Apply inventory optimization to solve real industry problems and demonstrate production-level capability.
- Stochastic Modeling
Apply stochastic modeling to solve real industry problems and demonstrate production-level capability.
- Simulation
Apply simulation to solve real industry problems and demonstrate production-level capability.
- Python
Write clean, efficient Python for data processing, automation, and backend services.
- Data Visualization
Transform complex data into clear, insightful visual representations.
Careers
Career paths this challenge builds toward
Completing this challenge demonstrates skills that transfer directly to these roles: