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
20
40
40
70
20
20
70
50
*Holding costequals$1.50/unit/week; setup costequals$150; lead timeequals1week; beginning inventoryequals40.
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
20
40
40
70
20
20
70
50
On-hand at beginning of period
40
40
20
20
0
0
0
0
0
0
0
0
0
On-hand at end of period
20
20
0
0
0
0
0
0
0
0
0
0
Order receipt
0
20
0
40
70
20
0
20
70
0
50
Order release
0
20
0
40
70
20
0
20
70
0
50
Part 3
The total cost is $
enter your response here (enter your response as a whole number).

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