In comparison with the basic EOQ approach, the fixed interval model does not require close surveillance of inventory levels.

Name: In comparison with the basic EOQ approach, the fixed interval model does not require close surveillance of inventory levels.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In the fixed interval model, orders are placed at fixed intervals regardless of inventory levels, which may lead to the risk of stockouts. Therefore, some level of surveillance and control over inventory levels is still necessary.

In Comparison with the Basic EOQ Approach, the Fixed Interval