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

Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*.

Period

1

2

3

4

5

6

7

8

9

10

11

12

Gross requirements

30

30

30

70

20

20

80

60

*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).

Period

1

2

3

4

5

6

7

8

9

10

11

12

Gross requirements

30

30

30

70

20

20

80

60

On-hand at beginning of period

40

_____

 _____ _____ _____ _____ _____ _____ _____ _____ _____ _____ _____
_____ _____ _____ _____ _____ _____ _____ _____ _____ _____ _____ _____

Order receipt

 _____ _____ _____ _____ _____ _____ _____ _____ _____ _____ _____

Order release

_____

 _____ _____ _____ _____ _____ _____ _____ _____ _____ _____

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