GATE ME 1998 | Inventory Control Question 28 | Industrial Engineering

GATE ME 1998

MCQ (Single Correct Answer)

-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:

Lot – for – lot production

Economic Order Quantity $$(EOQ)$$ lot size

Period Order Quantity $$(POQ)$$ lot size

Part Period total cost balancing

GATE ME 1998

MCQ (Single Correct Answer)

-0.3

One of the following statements about $$PRS$$ (Periodic Reordering System) is not true. Identify.

$$PRS$$ requires continuous monitoring of inventory levels

$$PRS$$ is useful in control of perishable items

$$PRS$$ provides basis for adjustments to account for variations in demand

In $$PRS,$$ inventory holding costs are higher than in Fixed Recorder Quantity System

GATE ME 1997

MCQ (Single Correct Answer)

-0.3

Setup costs do not include

Labour cost of setting up machines

Ordering cost of raw material

Maintenance cost of the machines

Cost of processing the work piece

GATE ME 1995

MCQ (Single Correct Answer)

-0.3

If the demand for an item is doubled and the ordering cost halved, the economic order quantity

remains unchanged

increases by a factor of $$\sqrt 2 $$

is doubled

is halved

GATE ME Subjects

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Production Engineering

Metal Cutting Casting Sheet Metal Forming Processes Machining Welding Process Metal Forming Advance Machine Tools Metrology and Inspection

General Aptitude

Numerical Ability Logical Reasoning Verbal Ability

Fluid Mechanics

Fluid Dynamics Fluid Statics Boundary Layer Turbulent Flow Fluid Properties Laminar Flow Fluid Kinematics

Heat Transfer

Convection Radiation Heat Exchangers Conduction Fin Design and Transient Heat Conduction

Thermodynamics

Availability Properties of Pure Substances Calculation of Work and Heat Basic Concepts and Zeroth Law Entropy and Irreversibility Second Law of Thermodynamics First Law of Thermodynamics Rankine Cycle

Engineering Mechanics

Engineering Mechanics Static and Dynamics

Machine Design

Design of Bearings Design of Spur Gears Fatigue Strength Design For Static Loading Design of Brakes and Clutches Bolted Riveted and Welded Joints

Industrial Engineering

Production Planning and Control Queuing Line Balancing Forecasting Pert and Cpm Inventory Control Transportation Linear Programming Assignment Scheduling

Strength of Materials

Columns and Struts Strain Energy Method Thin Cylinders Complex Stresses Deflection of Beams Springs Simple Stress and Strain Pure Bending Stresses In Beams Moment of Inertia Torsion Shear Force and Bending Moment

Engineering Mathematics

Probability and Statistics Numerical Methods Linear Algebra Transform Theory Vector Calculus Calculus Differential Equations Complex Variable

Theory of Machines

Analysis of Plane Mechanisms Flywheel Gears and Gear Trains Vibrations

Turbo Machinery