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 30 30 40 70 20 10 TO 60 "Holding cost $1.50/unit/week; setup Cost = $200; lead time 1 week, beginning inventory = 40. Develop a lot-for-lot solution (enter your responses as whole numbers) 2 4 8 11 1 30 3 30 5 40 6 70 7 20 9 10 10 70 12 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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