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

30

40 30 70 20 10 80 50

*Holding cost equals=$3.50/unit/week; setup cost equals=$200200; lead time equals=1 week; beginning inventory equals=40. Develop a lot-for-lot solution

(enter your responses as whole numbers).

Period

1

2

3

4

5

6

7

8

9

10

11

12

Gross requirements

30 40 30 70 20 10 80 50

On-hand at beginning of period

40

On-hand at end of period

Order receipt

Order release

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