1
GATE ME 2006
MCQ (Single Correct Answer)
+2
-0.6
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 item is: GATE ME 2006 Industrial Engineering - Inventory Control Question 18 English The stockist pays Rs.$$70$$ for each item and he sells each at Rs.$$90.$$ if the stock is left unsold in any month, he can sell the item at Rs.$$50$$ each. There is no penalty for unfulfilled demand. To maximize the expected profit, the optimal stock level is:

A
$$5$$ units
B
$$4$$ units
C
$$3$$ units
D
$$2$$ units
2
GATE ME 2006
MCQ (Single Correct Answer)
+2
-0.6
Consider the following data for an item.
Annual demand: $$2500$$ units per year Ordering cost: Rs.100 per order Inventory holding rate: $$25\% $$ of unit price. The optimum order quantity (in units) is:

Price quoted by a supplier

GATE ME 2006 Industrial Engineering - Inventory Control Question 19 English

The optimum order quantity (in units) is

A
$$447$$
B
$$471$$
C
$$500$$
D
$$ \ge 600$$
3
GATE ME 2005
MCQ (Single Correct Answer)
+2
-0.6
The distribution of lead-time demand fro an item is as follows: GATE ME 2005 Industrial Engineering - Inventory Control Question 20 English

The reorder level is $$1.25$$ times the expected value of the lead-time demand. The service level is

A
$$25\% $$
B
$$50\% $$
C
$$75\% $$
D
$$100\% $$
4
GATE ME 2004
MCQ (Single Correct Answer)
+2
-0.6
There are two products P and Q with the following characteristics GATE ME 2004 Industrial Engineering - Inventory Control Question 22 English

The economic order quantity (EOQ) of products P and Q will be in the ratio.

A
$$1:1$$
B
$$1:2$$
C
$$1:4$$
D
$$1:8$$
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