Recent questions in Inventory Control / GO Mechanical

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GATE2020-ME-2: 47
For a single item inventory system, the demand is continuous, which is $10000$ per year. The replenishment is instantaneous and backorders ($S$ units) per cycle are allowed as shown in the figure. As soon as the quantity ($Q$ units) ordered ... . Based on the total cost minimization criteria, the maximum inventory reached in the system is ________ (round off to nearest integer).

For a single item inventory system, the demand is continuous, which is $10000$ per year. The replenishment is instantaneous and backorders ($S$ units) per cycle are allow...

go_editor

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go_editor asked Sep 18, 2020

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GATE2019 ME-2: 55
The annual demand of valves per year in a company is $10,000$ units. The current order quantity is $400$ valves per order. The holding cost is Rs. $24$ per valve per year and the ordering cost is Rs. $400$ per order. If the current order ... Economic Order Quantity, then the saving in the total cost of inventory per year will be Rs. __________ (round off to two decimal places).

The annual demand of valves per year in a company is $10,000$ units. The current order quantity is $400$ valves per order. The holding cost is Rs. $24$ per valve per year...

Arjun

28.5k points

Arjun asked Feb 9, 2019

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GATE2018-2-18
A local tyre distributor expects to sell approximately $9600$ steel belted radial tyres next year. Annual carrying cost is Rs. $16$ per tyre and ordering cost is Rs. $75$. The economic order quantity of the tyres is $64$ $212$ $300$ $1200$

A local tyre distributor expects to sell approximately $9600$ steel belted radial tyres next year. Annual carrying cost is Rs. $16$ per tyre and ordering cost is Rs. $75$...

Arjun

28.5k points

Arjun asked Feb 17, 2018

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GATE2018-1-52
Processing times (including setup times) and due dates for six jobs waiting to be processed at a work centre are given in the table. The average tardiness (in days) using shortest processing time rule is __________ (correct to two decimal places). ...

Processing times (including setup times) and due dates for six jobs waiting to be processed at a work centre are given in the table. The average tardiness (in days) using...

Arjun

28.5k points

Arjun asked Feb 17, 2018