Question: The production quantity model is an inventory system in which an order is received gradually as inventory is simultaneously being depleted an inventory system in

The production quantity model is

  1. an inventory system in which an order is received gradually as inventory is simultaneously being depleted
  2. an inventory system in which an order is received instantaneously as inventory is simultaneously being depleted
  3. an inventory system in which an order is placed after the passage of a fixed time period
  4. an inventory system in which an order is received all at once following the lead time

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