The condition under which the fixed-order quantity can be used and the disadvantages of the fixed-time period model. Fixed-time period model is the inventory model, which will be appropriate when the firm is replenishing inventories in fixed intervals of time. Fixed-order quantity model is the inventory model, which will be appropriate when the firm is purchasing a fixed amount of inventory each time.

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Chapter 20, Problem 4DQ

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To determine: The condition under which the fixed-order quantity can be used and the disadvantages of the fixed-time period model.

Fixed-time period model is the inventory model, which will be appropriate when the firm is replenishing inventories in fixed intervals of time.

Fixed-order quantity model is the inventory model, which will be appropriate when the firm is purchasing a fixed amount of inventory each time.

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