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 5 6 7

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	30		20	80		50

*Holding cost=$3.50/unit/week; setup cost=$200; lead time=1 week; beginning inventory=40.

Develop a lot-for-lot solution and calculate

Develop a lot-for-lot solution (enter your responses as whole numbers). | 1 2 3 4 5 6 7 8 9 10 11 12 20 30 40 70 30 20 80 50 40 Period Gross requirements On-hand at beginning of period On-hand at end of period Order receipt Order release

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