Inventory Control · Industrial Engineering · GATE ME

With reference to the Economic Order Quantity (EOQ) model, which one of the options given is correct?  ...

The demand of a certain part is 1000 parts/year and its cost is Rs. 1000/part. The orders are placed based on the economic order quantity (EOQ). The c...

Which one of the following is NOT a form of inventory?

Annual demand of a product is $$50,000$$ units and the ordering cost is Rs. $$7,000$$ per order. Considering the basic economic order quantity model, ...

Demand during lead time with associated probabilities is shown below: Expected demand during lead time is ___________...

The word Kanban is most appropriately associated with

An item can be purchased for Rs.$$100.$$ The ordering cost is Rs.$$200$$ and the inventory carrying cost is $$10\% $$ of the item cost per annum. If t...

One of the following statements about $$PRS$$ (Periodic Reordering System) is not true. Identify.

In inventory planning, extra inventory is unnecessarily carried to the end of the planning period when using one of the following lot size decision po...

Setup costs do not include

If the demand for an item is doubled and the ordering cost halved, the economic order quantity

A company orders gears in conditions identical to those considered in the economic order quantity (EOQ) model in inventory control. The annual demand ...

A food processing company uses $$25,000$$ $$kg$$ of corn flour every year. The quantity-discount price of corn flour is provided in the table below: ...

The annual demand for an item is $$10,000$$ units. The unit cost is Rs. $$100$$ and inventory carrying charges are $$14.4\% $$ of the unit cost per an...

The annual requirement of rivets at a ship manufacturing company is $$2000$$ $$kg.$$ The rivets are supplied in units of 1 kg costing Rs. $$25$$ each....

Consider the following data with reference to elementary deterministic economic order quantity model The total number of economic orders per year t...

A manufacturer can produce $$12000$$ bearings per day. The manufacturer received an order of $$8000$$ bearings per day from a customer. The cost of h...

Annual demand for window frames is $$10000.$$ Each frame costs Rs. $$200$$ and ordering cost is Rs. $$300$$ per order. Inventory holding cost is Rs. $...

A company uses $$2555$$ units of an item annually. Delivery lead time is $$8$$ days. The recorder point (in number of units) to achieve optimum invent...

In a machine shop, pins of $$15mm$$ diameter are produced at a rate of $$1000$$ per month and the same is consumed at a rate of $$500$$ per month. The...

The maximum level of inventory of item is $$100$$ and it is achieved with infinite replenishment rate. The inventory becomes zero over one and half m...

A stockist wishes to optimize the number of perishable items he needs to stock in any month in his store. The demand distribution for this perishable ...

Consider the following data for an item. Annual demand: $$2500$$ units per year Ordering cost: Rs.100 per order Inventory holding rate: $$25\% $$ of ...

The distribution of lead-time demand fro an item is as follows: The reorder level is $$1.25$$ times the expected value of the lead-time demand. The...

There are two products P and Q with the following characteristics The economic order quantity (EOQ) of products P and Q will be in the ratio....

A company has an annual demand of $$1000$$ units, ordering cost of Rs.$$100$$/order and carrying cost of Rs.$$100$$/unit –year. If the stock-out costs...

Market demand for springs is $$8,00,000$$ per annum. A company purchases these springs in lots and sells them. The cost of making a purchase order is ...

In computing Wilson’s economic lot size for an item, by mistake the demand rate estimate used was $$40\% $$ higher than the tree demand rate. Due to t...

When the annual demand of a product is $$24000$$ units, the $$EOQ$$ (Economic Order Quantity) is $$2000$$ units. If the annual demand is $$48000$$ uni...

In an ideal inventory control system, the economic lot size for a part is $$1000.$$ If the annual demand for the part is doubled, the new economic lo...

A company is offered the following price breaks for order quantity Order cost is Rs.$$60$$ per order while the holding cost is $$10\% $$ of the purc...

A company places orders for supply of two items $$A$$ and $$B.$$ The order cost for each of the items is Rs.$$300$$ /order. The inventory carrying cos...

Determine the number of production runs and also the total incremental cost in a factory for the data given below: ...

Consider the following data for a product: Demand $$=1000$$ units/year Order cost $$=$$ Rs.$$40$$/order Holding cost $$ = 10\% $$ of the unit cost / ...