1
GATE ME 2025
Numerical
+2
-0

A company uses 3000 units of a part annually. The units are priced as given in the table below. It costs Rs. 150 to place an order. Carrying costs are 40 percent of the purchase price per unit on an annual basis. The minimum total annual cost is Rs. ____________ (rounded off to 1 decimal place).

$$ \begin{array}{|c|c|} \hline \text { Order quantity } & \text { Unit price(Rs.) } \\ \hline \text { 1 to 499 } & 9.0 \\ \hline \text { 500 to 999 } & 8.5 \\ \hline \text { 1000 or more } & 8.0 \\ \hline \end{array} $$
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2
GATE ME 2024
MCQ (Single Correct Answer)
+2
-1.33

A company orders gears in conditions identical to those considered in the economic order quantity (EOQ) model in inventory control. The annual demand is 8000 gears, the cost per order is 300 rupees, and the holding cost is 12 rupees per month per gear. The company uses an order size that is 25% more than the optimal order quantity determined by the EOQ model. The percentage change in the total cost of ordering and holding inventory from that associated with the optimal order quantity is

A

2.5

B

5

C

0

D

12.5

3
GATE ME 2016 Set 2
Numerical
+2
-0
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: GATE ME 2016 Set 2 Industrial Engineering - Inventory Control Question 10 English

The order processing charges are Rs. $$500$$/order. The handling plus carry-over charge on an annual basis is $$20\% $$ of the purchase price of the corn flour per $$kg$$. The optimal order quantity (in $$kg$$) is __________.

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4
GATE ME 2016 Set 1
Numerical
+2
-0
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 annum. The cost of one procurement is Rs. $$2000.$$ The time between two consecutive orders to meet the above demand is _______ month(s).
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