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		40		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

6

7

8

9

10

11

12

Gross requirements

30

40

40

70

30

10

80

50

On-hand at beginning of period

40

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On-hand at end of period

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Order receipt

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Order release

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