GATE Production Planning and Control: Inventory control: deterministic models, safety stock, control systems – Previous Year Questions

5 GATE previous year questions on Inventory control: deterministic models, safety stock, control systems (Production Planning and Control, Mechanical Engineering) with answers and explanations, from every paper.

1. GATE 2022 ME (ME1) Q22 (1 mark, Multiple choice) – Which one of the following is NOT a form of inventory?
2. GATE 2023 ME Q13 (1 mark, Multiple choice) – With reference to the Economic Order Quantity (EOQ) model, which one of the options given is correct?
3. GATE 2024 ME Q38 (2 marks, Multiple choice) – A company orders gears in conditions identical to those considered in the economic order quantity (EOQ) model in inventory control. The annual demand…
4. GATE 2025 ME Q64 (2 marks, Numerical answer) – A company uses 3000 units of a part annually. The units are priced as given in the table below. It costs ₹ 150 to place an order. Carrying costs are…
5. GATE 2026 ME Q61 (2 marks, Numerical answer) – The inventory holding cost of an item is ₹ 0.50 per unit per month and the ordering cost per order is ₹ 550. A stockist needs to supply 10000 units of…