The maximum level of inventory of item is $$100$$ and it is achieved with infinite replenishment rate. The inventory becomes zero over one and half month due to consumption at a uniform rate. This cycle continuous throughout the year. Ordering cost is Rs.$$100$$ per order and inventory carrying cost is Rs. $$10$$ per item per month. Annual cost (in Rs. ) of the plan, neglecting material cost, is

GATE 2007 Mechanical Engineering PYQ — Industrial Engineering

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Industrial Engineering · Inventory

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Recurring concept

Inventory has appeared in GATE Mechanical Engineering 26 times across 20 years (2015, 2016, 2022, 2024, 2025, ...).