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 | 40 | 70 | 30 | 10 | 80 | 50 |
*Holding
cost=$1.50/unit/week;
setup
cost=$200;
lead
time=1
week; beginning
inventory=40.
Develop a lot-for-lot solution
(enter
your responses as whole
numbers).

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