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).

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 8 9 10 11 12 Period 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). Period 1 2 3 4 5 7 8 9 10 11 12 50 30 30 40 70 30 10 80 40 Gross requirements On-hand at beginning of period On-hand at end of period Order receipt Order release

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