Question: Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. Period 12 3 9 10 12 4 5

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 12 3 9 10 12 4 5 6 7 8 30 70 20 Gross requirements 30 40 10 80 50 *Holding cost = $2.50/unit/week; setup cost = $150; lead time=1 week; beginning inventory = 40. Develop a lot-for-lot solution (enter your responses as whole numbers). Period 1 2 3 4 5 6 7 20 8 9 10 11 12 50 Gross requirements 30 40 30 70 10 80 On-hand at beginning of period 40 On-hand at end of period Order receipt Order release The total cost is $ (enter your response as a whole number). 11 L

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