Question: Develop a lot - for - lot solution and calculate total relevant costs for the gross requirements in the following table * . Period 1

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
6
7
8
9
10
11
12
Gross requirements
2020
4040
3030
7070
2020
1010
7070
6060
*Holding costequals=$3.503.50/unit/week; setup costequals=$150150; lead timeequals=1week; beginning inventoryequals=40.
Part 2
Develop a lot-for-lot solution (enter your responses as whole numbers).
Period
1
2
3
4
5
6
7
8
9
10
11
12
Gross requirements
2020
4040
3030
7070
2020
1010
7070
6060
On-hand at beginning of period
40
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
On-hand at end of period
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
Order receipt
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
Order release
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
enter your response here
Part 3
The total cost is $ enter your response here (enter your response as a whole number).

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