Question: Develop a EOQ solution and calculate total relevant costs for the gross requirements in the following table 1 2 3 4 5 6 7 8

Develop a EOQ solution and calculate totalDevelop a EOQ solution and calculate totalDevelop a EOQ solution and calculate total

Develop a EOQ solution and calculate total relevant costs for the gross requirements in the following table 1 2 3 4 5 6 7 8 9 10 11 12 Period Gross requirements 20 30 40 30 20 10 40 60 *Holding cost = $1.50/unit/week; setup cost = $150; lead time = 1 week; beginning inventory = 40. What is the average demand per week? (enter your responses with 2 decimal places): 23.8 Calculate Economic Order Quantity (EOQ) (enter your responses as whole numbers): 65 Calculate the number of periods for POQ (enter your responses as whole numbers): 3 Develop a POQ solution (enter your responses as whole numbers). Develop a POQ solution (enter your responses as whole numbers). Period 1 2 3 4 5 6 7 8 9 10 11 12 20 30 40 30 20 10 40 60 40 Gross requirements Scheduled receipt Projected On-hand Net Requirements Planned Order receipt Planned Order release

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