1
GATE ME 2000
Numerical
+5
-0
The forecasts for a product for the next three months are given as $$750,850$$ and $$1000$$ units. The number of regular time days and overtime days available are $$22,18,$$ $$22$$ and $$4,$$ $$4,5$$ respectively. With the existing number of employees, the company can produce $$38$$ units per day. To meet the high demand in the third month, the company decides to hire people to increase the daily production to $$45$$ units.
The following costs are given :
Cost of regular time production $$=$$ Rs. $$20$$ per unit
Cost of overtime production $$=$$ Rs. $$25$$ Per unit
Cost of hiring $$=$$ $$200{L^2}$$
where $$'L'$$ is the increase in daily capacity
Inventory $$=$$ Rs. $$10$$ per unit per month (based on average inventory)
Shortage (back-ordering cost) $$=$$ Rs. $$20$$ per unit per month
The beginning inventory is $$100$$ units. The company decides to produce $$800,$$ $$700$$ and $$900$$ units respectively in the three months. Compute the cost of the production plan.
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Questions Asked from Production Planning and Control (Marks 5)
Number in Brackets after Paper Indicates No. of Questions
GATE ME Subjects
Engineering Mechanics
Strength of Materials
Theory of Machines
Engineering Mathematics
Machine Design
Fluid Mechanics
Turbo Machinery
Heat Transfer
Thermodynamics
Production Engineering
Industrial Engineering
General Aptitude