Question: When there is uncertainty, we can use either a continuous inventory review policy or a periodic inventory review policy. The Reorder Point is applicable only

When there is uncertainty, we can use either a

When there is uncertainty, we can use either a continuous inventory review policy or a periodic inventory review policy. The Reorder Point is applicable only when inventory is continuously monitored, but not when it is monitored periodically (after a fixed interval of time). True False Question 8 1 pts The EOQ does not influence the Reorder Point. True False Question 9 1 pts If the next order is placed before the inventory level is at the reorder point, we will have (excess inventory / stockout) whereas if the order is placed long after the inventory level is at the reorder point, we will have (excess inventory / stockout)

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