A type of inventory control policy in which the inventory position is assessed at the end of each of a prescribed number of discrete time periods, in contrast with continuous review, where the inventory position is monitored continuously so that orders can be placed at any time.
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(2013). Periodic Review. In: Gass, S.I., Fu, M.C. (eds) Encyclopedia of Operations Research and Management Science. Springer, Boston, MA. https://doi.org/10.1007/978-1-4419-1153-7_200589
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DOI: https://doi.org/10.1007/978-1-4419-1153-7_200589
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