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 &

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 1 2 3 4 5 6 7 & 9 10 11 12 Period Gross requirements 30 40 30 60 30 10 70 50 *Holding cost = $2.50/unit/week; setup cost = $200; lead time = 1 week: beginning inventory = 40. Develop a lot-for-lot solution (enter your responses as whole numbers). 1 1 2 3 4 5 6 7. 8 9 10 11 12 30 40 30 60 30 10 70 50 40 Period Gross requirements On-hand at beginning of period On-hand at end of period - Order receipt Order release D

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