Question: Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. Period 1 2 3 4 8 9 10

Develop a lot-for-lot solution and calculate

Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. Period 1 2 3 4 8 9 10 12 5 6 7 40 60 20 Gross requirements 30 40 10 70 50 *Holding cost = $1.50/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 3 4 8 9 10 11 12 5 6 7 40 Gross requirements 30 40 60 20 10 70 50 On-hand at beginning of period 40 On-hand at end of period Order receipt Order release 11 The total cost is $(enter your response as a whole number)

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