Question: a) develop a lot for lot question (enter as a whole number) b) the total cost is (enter as a whole number) Develop a lot-for-lot

a) develop a lot for lot question (enter as a whole number)
b) the total cost is (enter as a whole number)
Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table Period 1 2 3 4 5 Gross requirements 40 6 7 8 9 9 10 11 12 30 40 70 30 20 70 50 "Holding cost = $1.50/unit/week; setup cost-$150; lead time = 1 week; beginning inventory = 40. Develop a lot-for-lot solution (enter your responses as whole numbers). 1 1 2 3 4 4 5 6 7 8 9 10 11 12 30 40 40 70 30 20 70 50 40 Period Gross requirements On-hand at beginning of period On-hand at end of period Order receipt Order releaseStep by Step Solution
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