Question: Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table, Period Gross requirements 1 3 5 6
Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table", Period Gross requirements 1 3 5 6 B 9 10 11 12 20 30 30 70 20 20 80 60 "Holding cost $3.50/unit/week; setup cost $200; lead time = 1 week; beginning inventory = 40. Develop a lot-for-lot solution (enter your responses as whole numbers), Period 1 2 4 3 5 6 7 8 Gross requirements 20 30 30 70 20 20 20 80 19 9 10 11 12 60 On-hand at beginning of period 40 On-hand at end of period Order receipt Order release The total cost is $ (enter your response as a whole number).
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