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 Gross requirements 1

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 Gross requirements 1 20 3 30 5 40 6 60 7 20 9 10 10 70 12 60 *Holding cost = $3.50/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 2 4 8 11 1 20 40 3 30 5 6 7 40 60 20 9 10 10 70 12 60 Gross requirements On-hand at beginning of period On-hand at end of period Order receipt Order release

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