Question: Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. 2 4 8 11 Period Gross requirements |

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*. 2 4 8 11 Period Gross requirements | 1 20 3 40 5 30 6 70 7 20 9 10 10 80 12 50 *Holding cost = $2.50/unit/week, setup cost = $200; lead time = 1 week, beginning inventory = 40. Develop a lot-for-lot solution (enter your responses as whole numbers). 4 8 11 Period Gross requirements 3 40 5 6 7 307020 9 10 1080 12 50 20 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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