Mechanical Engineering
GATE ME Inventory Control PYQs
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Questions 11–12 of 12. Imported answers require independent review unless marked reviewed.
Question 55
Open questionMENAT2 marksNeeds review
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 ordering cost is Rs. 400 per order. If the current order quantity is changed to Economic Order Quantity, then the saving in the total cost of inventory per year will be Rs. _____ (round off to two decimal places).
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Open questionMEMCQ1 markNeeds review
A local tyre distributor expects to sell approximately 960 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
Your answerChoose one option.
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