Differentiate between foed-order quantity system and food interval system. Mention the advantages and disadvantages of both

In Operations Research, inventory control is a significant area that deals with maintaining the optimal level of inventory to minimize costs while ensuring timely availability of goods. Two key inventory management systems are the fixed-order quantity system and the fixed-interval system. Both systems aim to manage inventory efficiently but differ in how and when orders are placed.

The fixed-order quantity system, also known as the continuous review system or Q-system, involves placing an order of a predetermined quantity whenever the inventory level falls to a certain reorder point. This system requires constant monitoring of inventory levels, and _______ _______ ____ ____ _____ ________ ___ ________ ____.
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