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Under the Periodic Review Policy of inventory management, with demand uncertainty and non-zero lead time for delivery of the product from the supplier, if the

Under the Periodic Review Policy of inventory management, with demand uncertainty and non-zero lead time for delivery of the product from the supplier, if the lead time increases (everything else remaining unchanged), the Base Stock level will...

a. may increase or decrease, but will not remain the same.

b. decrease.

c. increase.

d. remain the same.

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