GATE ME 2014 Set 2 — Question 29
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Industrial Engineering → Production Planning & Control
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Question
A component can be produced by any of the four processes I, II, III and IV. The fixed cost and the variable cost for each of the processes are listed below. The most economical process for producing a batch of 100 pieces is
| Process | Fixed cost (in Rs.) | Variable cost per piece (in Rs.) |
|---|---|---|
| I | 20 | 3 |
| II | 50 | 1 |
| III | 40 | 2 |
| IV | 10 | 4 |
Correct answer
(B) II
Solution
The total cost for a batch of pieces is calculated as . For a batch of pieces:
- Process I: Rs.
- Process II: Rs.
- Process III: Rs.
- Process IV: Rs.
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