inventory-control

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

A company orders gears in conditions identical to those considered in the economic order quantity (EOQ) model in inventory control. The annual demand is 8000 gears, the cost per or...

A manufacturer can produce $$12000$$ bearings per day. The manufacturer received an order of $$8000$$ bearings per day from a customer. The cost of holding a bearing in stock is Rs...

Annual demand for window frames is $$10000.$$ Each frame costs Rs. $$200$$ and ordering cost is Rs. $$300$$ per order. Inventory holding cost is Rs. $$40$$ per frame per year. The...

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...

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 comp...

One of the following statements about $$PRS$$ (Periodic Reordering System) is not true. Identify.

In inventory planning, extra inventory is unnecessarily carried to the end of the planning period when using one of the following lot size decision policies:

In an ideal inventory control system, the economic lot size for a part is $$1000.$$ If the annual demand for the part is doubled, the new economic lot size required will be: