GATE ME · 2020 · ME
Question 47: Inventory Control
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Question 47
MENAT2 marksNeeds review
For a single item inventory system, the demand is continuous, which is 1000 per year. The replenishment is instantaneous and backorders (
units) per cycle are allowed as shown in the figure.
As soon as the quantity (
units) ordered from the supplier is received, the backordered quantity is issued to the customers. The ordering cost is Rs. 300 per order. The carrying cost is Rs. 4 per unit per year. The cost of backordering is Rs. 25 per unit per year. Based on the total cost minimization criteria, the maximum inventory reached in the system is ______ (round off to nearest integer).Log in to check the answer
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2020ME
GATE ME 2020 · Paper 2
Mechanical Engineering · Original paper archive
- Section
- Mechanical Engineering
- Question type
- Numerical answer (NAT)
- Marks
- 2 marks
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