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ROPQ
(redirected from Reorder Point Quantity)

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AcronymDefinition
ROPQReorder Point Quantity


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The following four factors are being used in determining the reorder point quantity (Stevenson, 1999): (1) the rate of demand (usually based on a forecast value), (2) the length of lead- time, (3) the variability of demand and/or lead time, and (4) the degree of acceptable stock-out risk.
An excel spreadsheet application for the calculation of reorder point ... by Chen, Jim / Journal of Academy of Business and Economics
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