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 2020 3030 4040 7070 2020 2020 7070 5050 Holding costequals $2 502 50 unit week setup costequals $150150 lead timeequals 1 week beginning inventoryequals 40 Develop a lot for lot solution (enter your responses as whole numbers) Period 1 2 3 4 5 6 7 8 9 10 11 12 Gross requirements 2020 3030 4040 7070 2020 2020 7070 5050 On hand at beginning of period 40 nothing nothing nothing nothing nothing nothing nothing nothing nothing nothing nothing nothing On hand at end of period nothing nothing nothing nothing nothing nothing nothing nothing nothing nothing nothing nothing Order receipt nothing nothing nothing nothing nothing nothing nothing nothing nothing nothing nothing Order release nothing nothing nothing nothing nothing nothing nothing nothing nothing nothing nothing

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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	2020		3030		4040	7070	2020		2020	7070		5050

*Holding

costequals=$2.502.50/unit/week;

setup

costequals=$150150;

lead

timeequals=1

week; beginning

inventoryequals=40.

Develop a lot-for-lot solution

(enter

your responses as whole

numbers).

Period

Gross requirements

2020

3030

4040

7070

2020

7070

5050

On-hand at beginning of period

nothing

On-hand at end of period

nothing

Order receipt

nothing

Order release

nothing

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