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james calderhead
on Oct 18, 2024

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A continuous review policy dictates that

A) Q + σD units are ordered when the inventory drops to ROP.
B) Q units are ordered when the inventory drops to ROP.
C) Q + σD units are ordered at time T.
D) Q + σD units are ordered at time T + L.

Continuous Review Policy

A inventory management approach where stock levels are constantly monitored, triggering reorders as needed.

ROP

Reorder Point, the inventory level at which a new order should be placed to replenish stock before it runs out.

  • Discover and elaborate the differences entailed in continuous versus periodic review policies for the purpose of inventory restocking.
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MADISON ECKEROct 22, 2024
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