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A two-bin system is an example of a continuous review inventory system

A) True
B) False

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Which of the following is not an assumption of the (R,Q) model?


A) Each application involves a single stable product
B) The inventory level is under continuous review
C) The only decisions to be made are to choose R and Q
D) The lead time is fixed
E) If a stockout occurs,the excess demand is backlogged

F) A) and D)
G) B) and D)

Correct Answer

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Variability in demand and/or lead time can be compensated for by safety stock

A) True
B) False

Correct Answer

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