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GATE 2019: Industrial Engineering Quiz 3 (App update required to attempt this test)

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Question 1

If demand of a certain item doubles, then the change in Economic Order Quantity is given as (EOQ)_new = n(EOQ)_old .The value of n is ____.

Question 2

A company uses 4555 units for an item annually. Delivery lead time is 18 days. The reorder point (in number of units) to achieve optimum inventory is

Question 3

The cost parameters and other factor for a production inventory system of automobile factory are
Demand / year = 6000 units
Unit cost = Rs. 40/-
Setup cost (order cost) = Rs. 500/ set up
Production rate/ year = 36000 units
Holding cost/unit/year = Rs. 8/-
Shortage cost/unit/year = Rs. 20/-
The optimal lot size would be _____ units.

Question 4

Consider the following data with reference to elementary deterministic economic order quantity model

The total number of economic orders per year to meet the annual demand is

Question 5

Consider the following data for a product
Demand= 1000 units/ year
Order = Rs. 40/ order
Holding cost = 10% of the unit cost/ unit year
Unit cost = Rs. 500
With a policy of ordering every month, the total annual cost would be _____.

Question 6

A company has an annual demand of 500 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. 200 each time the company runs out-of-stock, then safety stock justified by the carrying cost will be ___________.

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ESE & GATE ME Industrial Engineering

Feb 12ESE & GATE ME