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 | 30 | 70 | 30 | 20 | 80 | 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).
| Period | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | |
| Gross requirements | 30 | 30 | 30 | 70 | 30 | 20 | 80 | 60 | |||||
| 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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