Question: 14.23 Develop an EOQ solution and calculate total relevant costs for the data in the preceding table. PERIOD 1 2 3 4 5 6 7

• • • 14.23 Develop an EOQ solution and calculate total relevant costs for the data in the preceding table.

PERIOD 1 2 3 4 5 6 7 8 9 10 11

PERIOD 1 2 3 4 5 6 7 8 9 10 11 12 Gross requirements 30 40 30 70 20 10 80 50 *Holding cost $2.50/unit/week; setup cost $150; lead time = 1 week; beginning inventory 40; stockout cost = $10.

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