Question: a) Develop a lot-for-lot solution and calculate total relevant costs for the data in the table b) Develop a POQ solution and calculate total relevant

a) Develop a lot-for-lot solution and calculate

a) Develop a lot-for-lot solution and calculate total relevant costs for the data in the table b) Develop a POQ solution and calculate total relevant costs for the data in the table

Data Table for Problems 14.17 through 14.19* 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

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