GATE 2022 PI – Question 59
Operations Research and Operations Management · Production Control · 2 marks · Numerical answer
A company procures 384 parts annually. Annual holding cost is ₹30/part; ordering cost is ₹1000/order. Find EOQ (integer).
Practise this question in The GATE Grind →
Show answer and explanation
Correct answer: 160 to 160
Explanation
$EOQ=\sqrt{2DS/H}=\sqrt{2(384)(1000)/30}=\sqrt{25600}=\mathbf{160}$ parts.
More Production Control questions
- GATE 2022 PI Q61 – A component passes sequentially through five workstations with cycle times 85,55,90,65,70…
- GATE 2022 PI Q65 – Weekly oxygen-cylinder demand is forecast using exponential smoothing, α = 0.2. Actual…
- GATE 2021 PI Q15 – Which is NOT a measure of forecast error?
- GATE 2021 PI Q40 – In classical EOQ, Q is optimal order quantity and C is minimum annual…
- GATE 2021 PI Q49 – Four jobs A,B,C,D are available on day 1 for a single CNC machine. Processing times (days)…
- GATE 2026 PI Q23 – Which is NOT an assumption of the economic order quantity (EOQ) model?
All Production Control questions →