Daily demand for an item is shown here. Assume a holding cost of $0.50 per unit per day, a setup cost of $100 per setup, a lead time of one day and 70 units on hand. Determine when a work order should be released for the item and the size of the order using the L4L, EOQ, and POQ lot sizing techniques. Which technique produces the lowest totalcost?

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1 2 3 4 5 6 7 8 9 10 Gross Requirement 50 30 25 35 40 50 35 45 70 75 rio