Inventory-control Questions Set 2:
Which method is used to sequence n jobs on two machines?
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Which of the following items cannot be considered as part of inventory?
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What is the difference between actual sales and the breakeven point called?
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Which of the following parameters affect the value of Total Stocking Cost (TSC)?
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In a shop, the demand during lead time varies with time. If the past demands during lead times are 220, 240, 270, 180, 220, 160, and 190 units, then the safety stock will be:
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Which of the following is true about Inventory Holding cost in an Inventory Control System?
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Last year, the manufacturer produced 16,000 products, and each product was sold for ₹300. At that volume, the fixed costs were ₹15.2 lakh (or 1.52 million) and the total variable cost was ₹21 lakh (or 2.1 million). What is the break-even quantity of products?
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The annual requirement of rivets at a ship manufacturing company is 2000 kg. The rivets are supplied in units of 1 kg costing ₹ 30 each. If it costs ₹ 100 to place an order and the annual cost of carrying one unit is 9% of its purchase, the cycle length of the order (in days) is
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For a production system, the fixed cost (F) is ₹10 lakh, the variable cost per unit (V) is ₹80, and the selling price per unit (S) is ₹100. Due to inflation, F increases by 5% and V increases by 10%. Find the percentage change required in S to increase the break-even point (BEP) units by 50%.
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A company uses 30,000 units per year of an item, each costing Rs. 12. The order cost is Rs. 60, and the inventory carrying cost is 20% of the unit price per year. If the company operates 250 days a year and the procurement time is 10 days, what will be the reorder level if the safety stock is 300 units?
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