engineering recuitment GATE ME 2023-24 Test Series Industrial Engineering Production Planning and Inventory Control Inventory Control
Rods of 20 mm diameter are produced in a machine shop at a rate of 2000 per month and the same is consumed at a rate of 900 per month. Both the production & consumption continue simultaneously till maximum inventory level is reached and then inventory is allowed to be reduced to zero due to consumption. The production lot size is 1500. If no backlog is allowed, maximum inventory level is:
1
800
2
825
3
950
4
850