Inventory Management

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 year to the custo...

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 the purchase pric...

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...

With reference to the Economic Order Quantity (EOQ) model, which one of the options given is correct?

The demand of a certain part is 1000 parts/year and its cost is Rs. 1000/part. The orders are placed based on the economic order quantity (EOQ). The cost of ordering is Rs. 100/ord...

A factory produces m (i = 1,2,..., m) products, each of which requires processing on n (j = 1, 2, ..., n) workstations. Let aij be the amount of processing time that one unit of th...

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 bearing in the inve...

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 orderin...