1
GATE ME 2014 Set 3
MCQ (Single Correct Answer)
+2
-0.6
A manufacturer can produce $$12000$$ bearings per day. The manufacturer received an order of $$8000$$ bearings per day from a customer. The cost of holding a bearing in stock is Rs. $$0.20$$ per month. Setup cost per production run in Rs.$$500.$$ Assuming $$300$$ working days in a year, the frequency of production run should be
A
$$4.5$$ days
B
$$4.5$$ months
C
$$6.8$$ days
D
$$6.8$$ months
2
GATE ME 2010
MCQ (Single Correct Answer)
+2
-0.6
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. $$40$$ per frame per year. The supplier is willing to offer $$2\%$$ discount if the order quantity is $$1000$$ or more, and $$4\%$$ if order quantity is $$2000$$ or more. If the total cost is to be minimized, the retailer should
A
order $$200$$ frames every time
B
accept $$2\%$$ discount
C
accept $$4\%$$ discount
D
order Economic Order Quantity
3
GATE ME 2009
MCQ (Single Correct Answer)
+2
-0.6
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 inventory is
A
$$7$$
B
$$8$$
C
$$56$$
D
$$60$$
4
GATE ME 2007
MCQ (Single Correct Answer)
+2
-0.6
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 month due to consumption at a uniform rate. This cycle continuous throughout the year. Ordering cost is Rs.$$100$$ per order and inventory carrying cost is Rs. $$10$$ per item per month. Annual cost (in Rs. ) of the plan, neglecting material cost, is
A
$$800$$
B
$$2800$$
C
$$4800$$
D
$$6800$$
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