IDIS 343 FINAL REAL EXAM 2026 QUESTIONS WITH COMPLETE SOLUTIONS AND CORRECT ANSWERS

IDIS 343 FINAL REAL EXAM 2026 QUESTIONS
WITH COMPLETE SOLUTIONS AND CORRECT
ANSWERS

◉ What factors are constant in the EOQ model? Answer: All of them


◉ What does total annual cost consist of? Answer: Annual ordering
costs, annual holding costs and annual purchasing costs all added up


◉ Annual Purchase cost Answer: Quantity ordered annually * cost
per unit


(D*C)


◉ Annual Ordering cost Answer: Annual number of orders * cost per
order


(D/Q)*S


◉ Annual Handling cost Answer: Average inventory * average
holding cost per unit

, (Q/2)*I*C


◉ What is CSL% Answer: Cycle service level: % of cycles with no
stock out


◉ What is fr? Answer: Product Fill Rate: % of products sold from the
shelf


◉ What is the differences in the two graphs with CSL% equal to
zero? Answer: When the fill rate is almost 100% the graph is almost
all above the 0 line


When the fill rate is almost 0% the graph is almost all below the 0
line


◉ Calculating CSL%? Answer: Look at demand for all order cycle and
count the amount that have 0 stock out and divide that by however
many cycles total you have


◉ Calculating fill rate%? Answer: Add up total units of stockout and
subtract it from the total units of demand, and then divide that
number by the total units of demand