Question: Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. Develop a lot-for-lot solution (enter your responses as

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*. Develop a lot-for-lot solution (enter your responses as whole numbers). The total cost is $ (enter your response as a whole number). Period 1 Gross requirements 30 2 3 5 6 7 30 40 70 20 *Holding cost = $1.50/unit/week; setup cost = $200; lead time = 1 week; beginning inventory = 40. Period Gross requirements On-hand at beginning of period 40 On-hand at end of period Order receipt Order release 1 30 4 2 3 30 8 4 9 20 80 5 6 7 40 70 20 10 11 12 60 8 D 9 10 11 12 20 80 60

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