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
30
40
70
20
20
80
50
*Holding cost=$3.50/unit/week; setup cost=$200; lead time=1week; beginning inventory=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
20
30
40
70
20
20
80
50
On-hand at beginning of period
40
enter your response here
enter your response here
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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
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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

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