Question: The two big questions to answer in managing inventory levels are: when to order and how many to order. In a fixed order quantity (
The two big questions to answer in managing inventory levels are: when to order and how many to order. In a fixed order quantity FOQ system
A a both of these are fixed parameters
b the time between orders is fixed, but the amount ordered varies as demand varies:
c the amount ordered is fixed, but the time between orders varies as demand varies.
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