Question: Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. 1 2 3 4 5 6 7 8

 Develop a lot-for-lot solution and calculate total relevant costs for the

Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. 1 2 3 4 5 6 7 8 9 10 11 12 Period Gross requirements 30 30 30 70 30 10 70 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). 5 4 3 2 1 6 9 7 12 11 8 10 30 70 30 30 60 10 30 70 40 Period Gross requirements On-hand at beginning of period On-hand at end of period Order receipt Order release

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