1
GATE ME 2023
MCQ (Single Correct Answer)
+1
-0.33

With reference to the Economic Order Quantity (EOQ) model, which one of the options given is correct? 

GATE ME 2023 Industrial Engineering - Inventory Control Question 1 English
A

Curve P1: Total cost, Curve P2: Holding cost, Curve P3: Setup cost, and Curve P4: Production cost.

B

Curve P1: Holding cost, Curve P2: Setup cost, Curve P3: Production cost, and Curve P4: Total cost. 

C

Curve P1: Production cost, Curve P2: Holding cost, Curve P3: Total cost, and Curve P4: Setup cost. 

D

Curve P1: Total cost, Curve P2: Production cost, Curve P3: Holding cost, and Curve P4: Setup cost.

2
GATE ME 2022 Set 2
Numerical
+1
-0
The demand of a certain part is 1000 parts/year and its cost is Rs. 1000/part. The orders are placed based on the economic order quantity (EOQ). The cost of ordering is Rs. 100/order and the lead time for receiving the orders is 5 days. If the holding cost is Rs. 20/part/year, the inventory level for placing the orders is _______ parts (round off to the nearest integer).
Your input ____
3
GATE ME 2022 Set 1
MCQ (Single Correct Answer)
+1
-0.33
Which one of the following is NOT a form of inventory?
A
Raw materials
B
Work-in-process materials
C
Finished goods
D
CNC Milling Machines
4
GATE ME 2015 Set 2
Numerical
+1
-0
Annual demand of a product is $$50,000$$ units and the ordering cost is Rs. $$7,000$$ per order. Considering the basic economic order quantity model, the economic order quantity is $$10,000$$ units. When the annual inventory cost is minimized, the annual inventory holding cost (in Rs.) is ___________
Your input ____
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