Question: Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table'. 1 Period Gross requirements 2 3 4 6
Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table'. 1 Period Gross requirements 2 3 4 6 7 8 9 5 30 11 30 40 70 20 10 BO 12 50 10 "Holding cost = $2.50/unit/week; setup cost = $150; lead time = 1 week; beginning inventory = 40 Develop a lot-for-lot solution (enter your responses as whole numbers). 1 2 4 5 6 8 9 10 3 40 30 7 20 11 12 50 30 70 10 80 40 Period Gross requirements On-hand at beginning of period On-hand at end of period Order receipt Order released LUL L 1 The total cost is $ (enter your response as a whole number)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
