Question: Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. Period 2 4 8 11 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*. Period 2 4 8 11 Gross requirements | 1 30 3 30 5 40 6 70 7 20 9 10 10 80 12 50 *Holding cost = $1.50/unit/week; setup cost = $150; lead time = 1 week; beginning inventory = 40. Develop a lot-for-lot solution (enter your responses as whole numbers). the lot-for-lot solution yields the total cost? Period | 1 2 3 4 5 6 7 8 9 10 11 12 Gross requirements 30 30 40 70 20 10 80 50 d at beginning of period | 40 D IIIIIIIIIII On-hand at end of period OOOOOOOOOOOO Order receipt Order release

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