Question: Develop an EOQ solution and calculate total relevant costs for the gross requirements in the following table*. Period 1 2 3 4 5 6 7
Develop an EOQ 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 | 20 | 30 | 40 | 20 | 30 | 20 | 40 | 50 |
*Holding cost=$2.50/unit/week; setup cost=$200; lead time=1 week; beginning inventory=40.


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