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    2.3.inventory Control - DPP 03 (Of Lec 05 & 06) - Parakram GATE 2024 Mechanical Weekday (Hinglish)

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    2.3.inventory Control - DPP 03 (Of Lec 05 & 06) - Parakram GATE 2024 Mechanical Weekday (Hinglish)

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    2.3.Inventory Control _ DPP 03 ( Of Lec 05 & 06 ) __ Parakram GATE 2024 Mechanical Weekday (Hinglish)

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    4 views2 pages

    2.3.inventory Control - DPP 03 (Of Lec 05 & 06) - Parakram GATE 2024 Mechanical Weekday (Hinglish)

    Uploaded by

    charan.deeti

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 2

    1

    Mechanical Engineering Hinglish


    Industrial Engineering and Operations Research
    DPP – 03
    Inventory Control-3
    1. A contractor undertakes to supply diesel engines to a (a) Re-order level.
    truck manufacturer at the rate of 25 per day. He finds (c) Minimum level.
    that the cost of holding a completed engine at stock is (d) Maximum level.
    ₹ 16 per month. Production of engines is in batches and (e) Average inventory.
    each time a new batch is started, there are set up costs 5. A company buys an item for its assembly. The usage
    pattern of this bought out items follows a normal
    of ₹ 10.000. how frequently should the batches be
    distribution with a mean of 1000 items per week and a
    started and what will be minimum average inventory standard deviation of 200. The buying process takes
    cost and production time if production rate is 40 one week. The inventory holding cost is ₹ 5 per unit
    engines/day. per year and the cost of ordering is ₹ 200 per order. The
    company allows for only 2 stockout situations in a
    Assume 300 working days in a year. [NAT]
    year. Compute the safety stock required. [NAT]
    2. The demand for an item is uniform at the rate of 25
    units/month. Ordering cost is ₹ 30 and cost per unit is
    ₹ 2 per unit. Inventory carrying cost is ₹ 0.5 per unit
    per month and of shortage cost is ₹ 0.3 per unit per
    month. Determine economic order, quantity and how
    often to make production run. [NAT]
    3. The following information on production inventory
    system of a manufacturing company is given below.
    Determine [NAT]
    6. The following is the general policy for A class items in
    (i) Optimal lot size. ABC analysis: [MCQ]
    (ii) Manufacturing time and time between set-ups. 1. Very strict control.
    Demand per annum : 6000 units 2. Frequent review of their consumption.
    Unit cost : ₹ 40 3. Safety stock kept
    Set-up cost : ₹ 500 Which of these statements is/are correct.
    Production rate : 3600 units (a) 1 only (b) 1 and 2 only

    Holding cost : ₹ 8/unit/annum (c) 2 only (d) 1, 2 and 3


    7. Group A items constitute the following percentage of
    Shortage cost/unit : ₹ 20/unit/annum
    items in ABC analysis: [MCQ]
    4. Monthly consumption of an item is 300 units. The price
    (a) 10 to 20% (b) 30 to 40%
    per unit is ₹ 10. Inventory carrying cost is 18 per cent (c) 40 to 50% (d) 50 to 60%
    and ordering cost is ₹36 per order. Lead time of 1 8. Group ‘C’ items constitute the following percentage of
    month’s stock. Assuming ROL system. [NAT] items in ABC analysis: [MCQ]
    Determine (a) 10 (b) 20
    (a) Re-order quantity. (c) 50 (d) 70
    2

    Answer Key

    (d) 420
    1. (Q = 4565, N = 2, T = 0.5 year, TIC = 32863.35)
    (e) 360
    2. (Q = 90, T = 3.6 month)
    5. (Q = 2039, N = 26, Service level = 0.9231
    3. (Q = 1123, Manufacturing time = 0.031 year,
    (z = 1.425), safety stock = 285 units)
    Time gap = 0.187 year)
    6. (b)
    4. (a) 120
    7. (a)
    (b) 600
    8. (d)
    (c) 300

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