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

Develop a EOQ solution and calculate total relevant costs for the gross requirements in the following table Period 1 2 3 4 5 6 7 8 9 10 11 12 Gross requirements 20 30 40 20 20 20 40 50 "Holding cost = $3.50/unit/week; setup cost = $200, lead time = 1 week; beginning inventory = 40 What is the average demand per week? (enter your responses with 2 decimal places): Calculate Economic Order Quantity (EOQ) (enter your responses as whole numbers), Develop a EOQ solution (onter your responses as whole numbers). 1 2 3 4 8 9 10 11 5 40 20 6 7 20 20 30 12 50 20 40 Period Gross requirements Scheduled receipt Projected On-hand Net Requirements Planned Order receipt Planned Order release 40 Setup cost for 12 weeks is S Carrying cost for 12 weeks in (enter your response as a whole number) Gross requirements 20 30 40 20 20 20 40 50 "Holding cost = $3.50/unit/week; setup cost = $200; lead time = 1 week; beginning inventory=40. What is the average demand per week? (enter your responses with 2 decimal places): Calculate Economic Order Quantity (EOQ) (enter your responses as whole numbers). Develop a EOQ solution (enter your responses as whole numbers). 1 2 3 4 6 7 8 9 10 11 12 5 40 20 30 20 20 20 40 50 Period Gross requirements Scheduled receipt Projected On-hand Net Requirements Planned Order receipt Planned Order release 40 Setup cost for 12 weeks is SL Carrying cost for 12 weeks is (enter your response as a whole number) (enter your response as a whole number). The total cost is $(enter your response as a whole number)

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