Periodic Review Models
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4 terms
Terms | Definitions |
|---|---|
 Periodic Review Models are known as ? | Fixed Order Interval models |
| Continuous Review Models are known as ? | FOQ models |
| In periodic review models what happens? | Inventory is examined only at regulary scheduled intervals, when review takes place an order is sent for however many units it takes to bring stock up to a predetermined level |
| The two most important factors in this model are? | The fixed review interval T and the maximum inventory level E |
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