Recent questions tagged inventory-control

The inventory holding cost of an item is ₹ $0.50$ per unit per month and the ordering cost per order is ₹ $550$. A stockist needs to supply $10000$ units of the item per ...

A company uses $3000$ units of a part annually. The units are priced as given in the table below. It costs ₹ $150$ to place an order. Carrying costs are $40$ percent of t...

​​​​A company orders gears in conditions identical to those considered in the economic order quantity $\text{(EOQ)}$ model in inventory control. The annual demand is $800...

With reference to the Economic Order Quantity $\text{(EOQ)}$ model, which one of the options given is correct?$\text{Curve P1:}$ Total cost, $\text{Curve P2:}$ Holding co...

The demand of a certain part is $1000$ parts/year and its cost is ₹$1000$/part. The orders are placed based on the economic order quantity $\text{(EOQ)}$. The cost of ord...

Which one of the following is NOT a form of inventory?Raw materialsWork-in-process materialsFinished goods$\text{CNC}$ Milling Machines

A factory produces $m (i= 1,2,\cdots, m)$ products, each of which requires processing on $n(j = 1,2,\cdots, n)$ workstations. Let $a_{ij}$ be the amount of processing ti...

Daily production capacity of a bearing manufacturing company is $30000$ bearings. The daily demand of the bearing is $15000$. The holding cost per year of keeping a beari...

Robot $\text{Ltd}$. wishes to maintain enough safety stock during the lead time period between starting a new production run and its completion such that the probability ...

In Materials Requirement Planning, if the inventory holding cost is very high and the set up cost is zero, which one of the following lot sizing approaches should be used...

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...