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Replenishment Policies (Q vs P Systems)
Compare continuous- and periodic-review replenishment and when each fits.
Inside this lesson
- Describe how a continuous-review Q-system triggers replenishment.
- Describe how a periodic-review P-system triggers replenishment.
- Compute the order-up-to level and the order quantity for a P-system.
- Explain why a P-system generally needs more safety stock than a Q-system.
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