1
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
2
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
$$60$$
3
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
$$6800$$
4
GATE ME 2007
MCQ (Single Correct Answer)
+2
-0.6
In a machine shop, pins of $$15mm$$ diameter are produced at a rate of $$1000$$ per month and the same is consumed at a rate of $$500$$ per month. The production and consumption continue simultaneously till the maximum inventory is reached. Then inventory is allowed to reduced to zero due to consumption. The lot size of production is $$1000.$$ If backlog is not allowed, the maximum inventory levels is
A
$$400$$
B
$$500$$
C
$$600$$
D
$$700$$
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Turbo Machinery
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