Continuous-review-periodic-review inventory control models

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Which of the following statements is INCORRECT regarding the continuous-review and periodic-review inventory control models?

It takes time to deliver an order in both models.

Demand is assumed uncertain in both models.

Orders are placed when the inventory position drops to zero in a periodic-review model.

There is no re-order point in the periodic-review model.

Reference no: EM13844212

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