Industrial Engineering - Inventory Management
GATE Mechanical Engineering · 4 questions across 3 years (2018-2025) · 8% recurrence rate
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2018–2025Difficulty mix
Question types
All 4 questions on Industrial Engineering - Inventory Management
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 price per unit on an annual basis. The minim...
Robot 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 of satisfying the customer demand during the lead time peri...
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 inventory is ₹ 20. The setup cost for the pr...
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