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

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*. Period | 1 2 3 4 5 6 7 8 9 10 11 12 Gross requirements | 30 40 30 70 30 20 70 50 *Holding cost = $3.50/unit/week; setup cost = $150; lead time = 1 week; beginning inventory = 40. Develop a lot-for-lot solution (enter your responses as whole numbers). 2 4 8 11 3 40 5 30 6 70 7 30 9 20 10 70 12 50 Period 1 Gross requirements 30 On-hand at beginning of period | 40 ||| On-hand at end of period N Order receipt N N N N N N ||| OOOOOOOOOOO Order release

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