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The reorder point (ROP), also reorder level (ROL) or "optimal re-order level", [1] is the level of inventory which triggers an action to replenish that particular inventory. It is a minimum amount of an item which a firm holds in stock, such that, when stock falls to this amount, the item must be reordered.
If there are backorders, the reorder point is: =; with m being the largest integer and μ the lead time demand. Additionally, the economic order interval [ 8 ] can be determined from the EOQ and the economic production quantity model (which determines the optimal production quantity) can be determined in a similar fashion.
Former Bachelor Joe Graziadei is still happily engaged to his final rose recipient, Kelsey Anderson. During his season finale in March, Graziadei knelt on one knee and asked Anderson to marry him ...
Jennifer Lopez is taking control.. Hours after the singer, 55, filed for divorce from Ben Affleck on Tuesday, Aug. 20, a source tells PEOPLE exclusively that Lopez "was done waiting." "She tried ...
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