Question: Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table* 1 2 3 4 8 9 10 11

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* 1 2 3 4 8 9 10 11 12 Period Gross requirements 5 6 7 40 60 30 20 40 20 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 4 8 9 10 11 12 5 6 7 40 60 30 20 70 50 40 0 0 0 0 0 0 0 0 0 0 Gross requirements On-hand at beginning of period On-hand at end of period Order receipt Order release 1 1 2 3 20 40 40 20 20 20 20 0 0 20 0 20 0 0 0 0 0 0 0 0 0 0 0 40 60 30 0 20 70 0 50 40 60 30 0 20 70 0 0 50 The total cost is $(enter your response as a whole number)

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