GATE ME 2014 Set 2 — Question 61
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Industrial Engineering → Inventory Control → EOQ Model
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Question
Consider the following data with reference to elementary deterministic economic order quantity model
The total number of economic orders per year to meet the annual demand is _______.
| Annual demand of an item | 100000 |
|---|---|
| Unit price of the item (in Rs.) | 10 |
| Inventory carrying cost per unit per year (in Rs.) | 1.5 |
| Unit order cost (in Rs.) | 30 |
Correct answer
49 to 51
Solution
1.Given Data:
- Annual Demand () = 100,000 units
- Ordering Cost () = Rs. 30 per order
- Carrying Cost () = Rs. 1.5 per unit per year
3.Calculate Number of Orders per Year ():
Final answer is in the range 49 to 51.Continue learning with Success Tracker
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