Question: Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table 1 2 3 4 5 6 7 8

Develop a lot-for-lot solution and calculateDevelop 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 1 2 3 4 5 6 7 8 9 10 11 12 Period Gross requirements 30 40 40 60 30 10 70 60 *Holding cost = $1.50/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 30 40 40 60 30 10 70 60 40 Gross requirements Scheduled receipt Projected On-hand Net Requirements Planned Order receipt Planned Order release The total cost is $ (enter your response as a whole number)

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