Optional Replenishment Model
Optional Replenishment Model: An optional replenishment model similar to the fixed order period model. In this model, unless inventory has dropped below a prescribed level when the order period has elapsed, no order is placed. Intended to protect against placing very small orders it is attractive when review and ordering costs are large. See also Fixed Reorder Cycle Inventory Model See also Fixed Reorder Quantity Inventory Model See also Hybrid Inventory System See also Independent Demand Item Management Models
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