Question: Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table* 2 3 4 8 11 12 Period 1

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 3 4 8 11 12 Period 1 Gross requirements 30 5 6 7 40 70 30 9 10 20 70 40 60 *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 12 5 6 7 40 70 30 9 10 11 20 70 30 40 60 40 Gross requirements Scheduled receipt Projected On-hand Net Requirements Planned Order receipt Planned Order release INT IT The total cost is $enter your response as a whole number)

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