1
GATE ME 2002
MCQ (Single Correct Answer)
+1
-0.3
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 the annual demand is 4000 units, the economic order quantity (in units) is
A
$$50$$
B
$$100$$
C
$$200$$
D
$$400$$
2
GATE ME 1998
MCQ (Single Correct Answer)
+1
-0.3
In inventory planning, extra inventory is unnecessarily carried to the end of the planning period when using one of the following lot size decision policies:
A
Lot – for – lot production
B
Economic Order Quantity $$(EOQ)$$ lot size
C
Period Order Quantity $$(POQ)$$ lot size
D
Part Period total cost balancing
3
GATE ME 1998
MCQ (Single Correct Answer)
+1
-0.3
One of the following statements about $$PRS$$ (Periodic Reordering System) is not true. Identify.
A
$$PRS$$ requires continuous monitoring of inventory levels
B
$$PRS$$ is useful in control of perishable items
C
$$PRS$$ provides basis for adjustments to account for variations in demand
D
In $$PRS,$$ inventory holding costs are higher than in Fixed Recorder Quantity System
4
GATE ME 1997
MCQ (Single Correct Answer)
+1
-0.3
Setup costs do not include
A
Labour cost of setting up machines
B
Ordering cost of raw material
C
Maintenance cost of the machines
D
Cost of processing the work piece
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Turbo Machinery
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