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List of top Materials, Manufacturing & Industrial Engineering Questions on Inventory Control

The inventory holding cost of an item is Rs. \(0.50\) per unit per month and the ordering cost per order is Rs. \(550\). A stockist needs to supply \(10000\) units of the item per year to the customers. Assume demand is fixed and the shortage cost is infinite. Using the classical economic order quantity (EOQ) model, the optimal lot size is ________ units per order (rounded off to the nearest integer).
  • GATE ME - 2026
  • GATE ME
  • Materials, Manufacturing & Industrial Engineering
  • Inventory Control
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