Typically,in continuous review policies,the lot size to order

A) is not known until after the order is placed.
B) is the same as in a periodic review policy.
C) varies with the square root of demand.
D) is kept fixed between replenishment cycles.

Continuous Review Policies

Inventory management policies that involve the continuous monitoring of inventory levels and replenishing stock whenever it dips below a predetermined point.

Lot Size

Represents the quantity of a particular item that is processed, manufactured, or shipped at one time, affecting production planning and inventory control.

Replenishment Cycles

The repeated process of refilling or restocking inventory to maintain a desired level of products available for sale or use.