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:
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:
2
GATE ME 2005
MCQ (Single Correct Answer)
+2
-0.6
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 service level is
3
GATE ME 2004
MCQ (Single Correct Answer)
+2
-0.6
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.
4
GATE ME 2004
MCQ (Single Correct Answer)
+2
-0.6
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 are estimated to be nearly Rs.$$400$$ each time the company runs out-of-stock, the safety stock justified by the carrying cost will be
Questions Asked from Inventory Control (Marks 2)
Number in Brackets after Paper Indicates No. of Questions
GATE ME Subjects
Engineering Mechanics
Strength of Materials
Theory of Machines
Engineering Mathematics
Machine Design
Fluid Mechanics
Turbo Machinery
Heat Transfer
Thermodynamics
Production Engineering
Industrial Engineering
General Aptitude