Question: 4 points The order - up - to policy is also called demand replication policy. This means ( Difficulty Level - Medium ) The order

4 points
The order-up-to policy is also called demand replication policy. This means
(Difficulty Level-Medium)
The order quantity equals the order-up-to level minus the demand volume in the past period. (Assume the initial inventory position is below the order-up-to level.)
The order quantity equals the mean demand forecast of the next period. (Assume the initial inventory position is below the order-to level
The order quantity equals the demand volume in the past period. (Assume the initial inventory position is below the order-up-to level.)
The order quantity equals the order-up-to level minus the mean demand forecast of the next period. (Assume the initial inventory position is below the order-up-to level.)
4 points The order-up-to policy is also called demand replication policy.

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