Question: Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table* 2 4 8 11 Period 1 Gross requirements

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* 2 4 8 11 Period 1 Gross requirements | 20 3 40 5 30 6 60 7 30 9 10 10 80 12 60 *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). 12 60 Period 1 2 3 4 5 6 7 8 9 10 11 Gross requirements 20 40 30 60 30 10 80 On-hand at beginning of period 40 On-hand at end of period Order receipt Order release

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