1
GATE ME 2004
MCQ (Single Correct Answer)
+2
-0.6
There are two products P and Q with the following characteristics GATE ME 2004 Industrial Engineering - Inventory Control Question 18 English

The economic order quantity (EOQ) of products P and Q will be in the ratio.

A
$$1:1$$
B
$$1:2$$
C
$$1:4$$
D
$$1:8$$
2
GATE ME 2004
MCQ (Single Correct Answer)
+2
-0.6
A company has an annual demand of $$1000$$ units, ordering cost of Rs.$$100$$/order and carrying cost of Rs.$$100$$/unit –year. If the stock-out costs are estimated to be nearly Rs.$$400$$ each time the company runs out-of-stock, the safety stock justified by the carrying cost will be
A
$$4$$
B
$$20$$
C
$$40$$
D
$$100$$
3
GATE ME 2003
MCQ (Single Correct Answer)
+2
-0.6
Market demand for springs is $$8,00,000$$ per annum. A company purchases these springs in lots and sells them. The cost of making a purchase order is Rs.$$1,200.$$ The cost of storage of springs is Rs.$$120$$ per stored piece per annum. The economic order quantity is
A
$$400$$
B
$$2,828$$
C
$$4,000$$
D
$$8,000$$
4
GATE ME 1999
MCQ (Single Correct Answer)
+2
-0.6
In computing Wilson’s economic lot size for an item, by mistake the demand rate estimate used was $$40\% $$ higher than the tree demand rate. Due to this error in the lot size computation, the total cost of setups plus inventory holding per unit time, would rise above the true optimum by approximately
A
$$1.4\% $$
B
$$6.3\% $$
C
$$18.3\% $$
D
$$8.7\% $$
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