Question: Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table 2 3 4 5 7 8 12 Period

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 3 4 5 7 8 12 Period Gross requirements 1 20 6 70 9 10 11 20 80 40 30 30 60 *Holding cost = $3.50/unit/week; setup cost = $200; lead time = 1 week; beginning inventory = 40. Develop a lot-for-lot solution (enter your responses as whole numbers). 1 2 3 4 7 10 11 12 5 6 30 70 8 9 20 20 40 30 80 60 40 Period Gross requirements On-hand at beginning of period On-hand at end of period Order receipt Order release

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