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Ejaylcuk Ejaylcuk
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6 years ago
A fixed-period (FPS) inventory system:
 a. orders a fixed-period quantity when the inventory position reaches or drops below the reorder point (r).
  b. chooses a replenishment level (M) which includes the demand during the review period and lead time, plus any safety stock.
  c. maintains a constant order quantity every review period.
  d. assumes that the demand for an item is constant and continuous, and that the items are withdrawn at a constant rate.
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Ha d.Ha d.
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You make an excellent tutor!
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