GATE ME · 2024 · ME
Question 38: Inventory Control
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Question 38
MEMCQ2 marksNeeds review
A company orders gears in conditions identical to those considered in the economic order quantity (EOQ) model in inventory control. The annual demand is 800 gears, the cost per order is 300 rupees, and the holding cost is 12 rupees per month per gear. The company uses an order size that is 25% more than the optimal order quantity determined by the EOQ model. The percentage change in the total cost of ordering and holding inventory from that associated with the optimal order quantity is
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2024ME
GATE ME 2024 · Paper 1
Mechanical Engineering · Original paper archive
- Section
- Mechanical Engineering
- Question type
- Multiple choice (MCQ)
- Marks
- 2 marks
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