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GATE 2020 : Industrial Engineering Rapid Quiz (App update required to attempt this test)

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Question 1

The annual demand of the company is the 10000 units per year. The ordering cost per order is Rs 100 per year and the carrying cost is Rs10 per unit per year and the shortage is allowed. The shortage cost is Rs 5 per unit per year. Maximum inventory is_______.

Question 2

The annual requirement of rivets at a ship manufacturing company is 2000 kg. The rivets are supplied in units of 1 kg costing Rs. 25 each. If it costs Rs. 100 to place an order and the annual cost of carrying one unit is 9% of its purchase cost, the cycle length of the order (in days) will be _________

Question 3

For a particular product, the following information is given:
Selling price per unit: Rs. 100
Variable cost per unit: Rs. 60
Fixed cost: Rs. 1000000
Due to inflation the variable cost have increased by 10% while fixed costs have increased by 5%. If the break even quantity is to remain constant, the percentage increase in sales price would be ___________.

Question 4

Manufacturing a product requires processing on four machines A, B, C, D in the order A – B – C – D. The capacities of four machines are A = 100, B = 110, C = 120 and D = 130 units per shift. If the expected output is 85% of the system capacity, then what is the expected output?

Question 5

For one unit of product P, 3X’s, 5Y’s and 7Z’s are required. Each X unit requires 2 M’s and 4O’s. Each Y unit requires 4T’s and 5S’s and 2Z’s. if 20 P’s are needed the no. of units of Os required are

Question 6

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 _____.
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