Question 1: What are the different types of inventory? Why are they maintained? Describe the different costs related to the inventory.
Question 2: Describe the EOQ model.
Question 3: An aircraft company uses rivets at an around customer rate of 2,500 per year. Each unit cost Rs 30 per kg and the company personnel estimate that it costs Rs 130 to place an order, and that the carrying cost of inventory is 10 percent per year. How frequently must orders for rivets be placed?
Also, find out the optimum size of each order.
Question 4: Describe inventory model with demand rate uniform and production rate infinite.
Question 5: Describe inventory model with demand rate non-uniform and production rate Infinite.
Question 6: Describe inventory model with demand rate uniform and production rate finite.