GATE ME 1998 | Inventory Control Question 27 | Industrial Engineering

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 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 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

Engineering Mechanics

Engineering Mechanics Static and Dynamics

Strength of Materials

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

Theory of Machines

Vibrations Gears and Gear Trains Flywheel Analysis of Plane Mechanisms

Engineering Mathematics

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

Machine Design

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

Fluid Mechanics

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

Turbo Machinery

Heat Transfer

Conduction Fin Design and Transient Heat Conduction Convection Radiation Heat Exchangers

Thermodynamics

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

Production Engineering

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

Industrial Engineering

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

General Aptitude

Numerical Ability Logical Reasoning Verbal Ability