1
GATE ME 2024
+2
-1.33

A company orders gears in conditions identical to those considered in the economic order quantity (EOQ) model in inventory control. The annual demand is 8000 gears, the cost per order is 300 rupees, and the holding cost is 12 rupees per month per gear. The company uses an order size that is 25% more than the optimal order quantity determined by the EOQ model. The percentage change in the total cost of ordering and holding inventory from that associated with the optimal order quantity is

A

2.5

B

5

C

0

D

12.5

2
GATE ME 2016 Set 2
Numerical
+2
-0
A food processing company uses $$25,000$$ $$kg$$ of corn flour every year. The quantity-discount price of corn flour is provided in the table below:

The order processing charges are Rs. $$500$$/order. The handling plus carry-over charge on an annual basis is $$20\%$$ of the purchase price of the corn flour per $$kg$$. The optimal order quantity (in $$kg$$) is __________.

3
GATE ME 2016 Set 1
Numerical
+2
-0
The annual demand for an item is $$10,000$$ units. The unit cost is Rs. $$100$$ and inventory carrying charges are $$14.4\%$$ of the unit cost per annum. The cost of one procurement is Rs. $$2000.$$ The time between two consecutive orders to meet the above demand is _______ month(s).
4
GATE ME 2015 Set 3
Numerical
+2
-0
The annual requirement of rivets at a ship manufacturing company is $$2000$$ $$kg.$$ The rivets are supplied in units of 1 kg costing Rs. $$25$$ each. If it costs Rs. $$100$$ to place an order and the annual cost of carrying one unit is $$9\%$$ of its purchase cost, the cycle length of the order (in days) will be _______________