Question: Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. Period 1 2 3 4 5 6 7

Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*.

Period	1	2	3	4	5	6	7	8	9	10	11	12
Gross requirements	30		30		30	70	20		10	70		50

*Holding cost=$3.50/unit/week; setup cost=$150; lead time=1 week; beginning inventory=40. Develop a lot-for-lot solution (enter your responses as whole numbers).

Period

Gross requirements

On-hand at beginning of period

On-hand at end of period

Order receipt

Order release

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