Question: Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. 1 2 3 4 5 6 7 8

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*. 1 2 3 4 5 6 7 8 9 10 11 12 Period Gross requirements 30 40 30 70 30 20 70 60 *Holding cost = $1.50/unit/week; setup cost = $150; lead time = 1 week; beginning inventory = 40. Develop a lot-for-lot solution (enter your responses as whole numbers). 1 2 3 4 5 6 7 8 9 10 11 12 30 40 30 70 30 20 70 60 Period Gross requirements On-hand at beginning of period On-hand at end of period Order receipt 40 40 10 10 0 0 0 0 10 10 0 0 0 0 0 0 0 0 0 OLO 0 30 0 30 70 30 20 70 60 Order release 0 30 0 40 70 30 0 20 70 0 60

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