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 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 4 8 11 Period Gross requirements 1 20 3 30 5 6 30 60 7 30 9 10 20 70 12 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 Gross requirements On-hand at beginning of period On-hand at end of period 1 2 3 4 5 6 7 8 9 10 11 12 20 30 30 60 30 20 70 60 40 DIIIIIIIIIII OOOOO NMNMNOM Order receipt Order release NNNNNNNNNN 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 30 5 6 30 60 7 30 9 10 20 70 12 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 Gross requirements On-hand at beginning of period On-hand at end of period 1 2 3 4 5 6 7 8 9 10 11 12 20 30 30 60 30 20 70 60 40 DIIIIIIIIIII OOOOO NMNMNOM Order receipt Order release NNNNNNNNNN

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