Question: Assume the following inventory demand forecast: table [ [ Time Period, 1 , 2 , 3 , 4 , 5 , 6 , 7
Assume the following inventory demand forecast:
tableTime Period,Demand
Assume that carrying costs on average inventory are $ per unit per time period and that purchase order costs are $ per order. Determine the total inventory costs over the time periods if the LFL lotsizing technique is used.
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