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IDIS 343 Exam 2 TAMU Questions and Answers with Verified Solutions | Latest 2026 Update

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IDIS 343 Exam 2 TAMU Questions and Answers with Verified Solutions | Latest 2026 Update

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IDIS 343 Exam 2 TAMU Questions and Answers with Verified
Solutions | Latest 2026 Update




Q: Types of demand patterns

Answer:
- Seasonality
Cyclical
Random
Trend

Q: Demand Indeterminacy

Answer:
Frequency of usage:
Slow move: 6+ months with "zero usage"
Fast move: 2- months with "zero usage"

Q: CoV

Answer:
(standard deviation)/(average demand)

, IDIS 343 Exam 2 TAMU Questions and Answers with Verified
Solutions | Latest 2026 Update




Q: Continuous Revenue Policy

Answer:
- Constantly monitoring inventory
Reorder when inventory reaches a certain level
Order a certain amount or order to a certain amount
Takes more time and effort

Q: Periodic Revenue Policy

Answer:
- Monitoring revenue periodically
Used on products that do not matter as much

Q: Reorder Point

Answer:
The minimum point inventory gets to until it's time to reorder

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