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.

Develop an EOQ solution and calculate totalDevelop an EOQ solution and calculate total

Develop a EOQ solution and calculate total relevant costs for the gross requirements in the following table* 2 4 5 6 7 8 9 10 11 Period Gross requirements 1 20 3 30 12 50 40 20 30 20 40 *Holding cost = $2.50/unit/week; setup cost = $200; lead time = 1 week; beginning inventory = 40 What is the average demand per week? (enter your responses with 2 decimal places): Calculate Economic Order Quantity (EOQ) (enter your responses as whole numbers): Calculate the number of periods for POQ (enter your responses as whole numbers): Develop a POQ solution (enter your responses as whole numbers). 1 2 3 4 5 6 7 8 11 9 10 20 40 12 50 20 30 40 20 30 Period Gross requirements Scheduled receipt Projected On-hand Net Requirements Planned Order receipt Planned Order release 40 Setup cost for 12 weeks is $ (enter your response as a whole number). Carrying cost for 12 weeks is s (enter your response as a whole number). The total cost is $(enter your response as a whole number)

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