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 30 3 40 5 6 30 60 7 20 9 20 10 80 12 50 *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 50 Period Gross requirements On-hand at beginning of period On-hand at end of period Order receipt Order release 1 2 3 4 5 6 7 8 9 10 11 30 40 30 60 20 20 80 40 N N N N N INNN N NNNNNN OOOOOOOOOOO

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