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

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 60 30 20 80 50 *Holding cost = $2.50/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 40 5 30 6 60 7 30 9 20 10 80 12 50 40 Period Gross requirements On-hand at beginning of period On-hand at end of period Order receipt Order release

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