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 whole

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).

Develop a lot-for-lot solution and calculate

1 2 3 4 5 7 8 9 10 11 12 Period Gross requirements 6 70 20 40 40 30 10 80 60 *Holding cost = $2.50/unit/week; setup cost = $200; lead time = 1 week; beginning inventory = 40. 1 2 3 4 7 8 9 11 12 |B 6 70 10 80 20 40 30 10 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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