Question: Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. 4 8 11 12 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*. 4 8 11 12 Period Gross requirements 1 2 30 3 40 5 6 7 30 70 20 9 10 10 80 50 *Holding cost = $2.50/unit/week; setup cost = $150; lead time = 1 week; beginning inventory = 40. Develop a lot-for-lot solution (enter your responses as whole numbers) 2 3 4 5 8 8 12 1 30 6 7 70 20 9 10 11 10 80 40 30 50 40 Period Gross requirements On-hand at beginning of period 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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