Question: Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. 4 11 Period Gross requirements 1 2 20

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 11 Period Gross requirements 1 2 20 - 3 40 5 6 7 8 30 70 20 9 10 20 80 12 60 *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). 2 4 8 11 1 | 20 40 40 3 40 20 5 6 7 30 70 20 0 0 0 9 10 20 80 0 0 12 60 0 20 0 0 0 Period Gross requirements On-hand at beginning of period On-hand at end of period Order receipt Order release 0 20 0 30 1

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