Question: Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. 5 6 7 40 60 30 8

Develop a lot-for-lot solution and calculate total relevant costs for the gross

Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. 5 6 7 40 60 30 8 9 10 11 12 20 80 50 Period 1 Gross requirements 30 The total cost is $ 2 *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). Period Gross requirements On-hand at beginning of period 40 On-hand at end of period Order receipt Order release 3 4 40 1 30 (enter your response as a whole number). 2 3 4 40 5 6 7 40 60 30 8 9 20 10 80 11 12 50

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