orenorr [ME GATE Industral Engg Inventory Corsol Online Test 1 Gatetestseries.i/ Electronics ¥ Mechanical » Computer Science ¥ Electrical » Civil » Feedback ME GATE Industrial Engg: Inventory Home / ME GATE Industral Engg. / Inventory Contra / Control Online Test 1 Ontine Test 2 ME GATE Industrial Engg, Results f | soreon rac faci > O of 8 questions answered corey enor Con > aT ©. x . | ‘Your time: 00:00:02 GATE Virtual Cole Online Test 2 You have obtain 0 marks out of 8 marks, (0%) Online Test Une Pregranming > View Explanation (Res PERT and CPM > ques Probabilky and - Y In an ideal inventory control system, the Products and Process, Products and Process economic lot size for a part is 1000. If the Queuing Theory & annual demand for the part is doubled, the Transportation > new economic lot size required willbe (a) 500 (b) 2000 (©) 1000/v2 (@) 100092 [1989 : 2 Marks] @ () © @ Incorrect 2. Question When the annual demand of a product is 24000 units, the EOQ (Economic Order Quantity) is 2000 units. ifthe annual demand is 48000 units the most appropriate EOQ will be (a) 1000 units (©) 2000 units (c) 2800 units (d) 4000 units [1991 : 2 Marks] @ (b) © @ Incorrect hpsgaetstseries nine gite-ndustial-enggirwertory-contolic-onlire-test-t) 4sararosr ME GATE nati Erg nveiry Cntl Onin Test 3, Question if the demand for an item is doubled and the ordering cost halved, the economic order quantity (a) remains unchanged (0) increases by factor of /2 (6) is doubled (a) ishaived [1995 : 1 Mark] @) © © @ Incorrect 4 Question Setup costs do not include {@) Labour cost of setting up machines (©) Ordering cost or raw material (c) Maintenance cost of the machines (a) Cost of processing the work piece [1997 : 1 Mark] @ 0 © @ Incorrect 5. Question hpsgaetstseries nine gite-ndustial-enggirwertory-contolic-onlire-test-t)orenorr ME GATE nati Erg nveiry Cntl Onin Test One of the following statements about PRS (Periodic Reordering System) is not true identity (a) PRS requires continuous monitoring of inventory levels (b) PRS is useful in control of perishable items (c) PRS provides basis for adjustments to account for variations in demand (d) In PRS, inventory holding costs are higher than in Fixed Reorder Quantity System [1998 : 1 Mark] (a) (b) © (a) Incorrect 6. Question In inventory planning, extra inventory is unnecessarily carried to the end of the planning period when using one of the following Iot size decision polices: (@) Lotfor tot production (b) Economic Order Quantity (EOQ) lot size (©) Period Order Quantity (POQ) lot size (d) Pan period total cost balancing [1998 : 1 Mark] @) 0) © @ Incorrect 7. Question hpsgaetstseries nine gite-ndustial-enggirwertory-contolic-onlire-test-t)