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	30		30		30	20	20		10	20		50

*Holding cost=$1.50/unit/week; setup cost=$200; lead time=1 week; beginning inventory=40.

Develop an EOQ solution and calculate total

Develop a EOQ solution and calculate total relevant costs for the gross requirements in the following table* Period 1 2 3 4 5 6 7 9 10 11 12 Gross requirements 30 30 30 20 20 10 20 50 *Holding cost = $1.50/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). Develop a EOQ solution (enter your responses as whole numbers). 2 3 4 5 6 8 9 10 11 1 30 7 20 12 50 30 30 20 10 20 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 SN(enter your response as a whole number). The total cost is $(enter your response as a whole number)

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