Question from Previous Years Papers

Lesson 5 of 5 • 9 upvotes • 12:14mins

Shubham Mawande

Important questions from previous years papers are discussed. Last two sums are not actual GATE questions but since it combines all the possible things which can be asked I have included them for practice. Please Note: In answer to the last question. The formula for maximum inventory level is M* = Q* X ((Shortage cost, Cb)/(Shortage cost + Cost of holding, C/b + Ch) I.e. M* = Q* ( (Cb)/(Cb+Ch) ) In the video, Ch is written instead of Cb (in the numerator).