Question: EOQ lot sizing problem. (a) Determine the average demand rate based on the given Time-phased net requirements for the 10 periods (231, 0, 0, 0,

EOQ lot sizing problem. (a) Determine the average demand rate based on the given Time-phased net requirements for the 10 periods (231, 0, 0, 0, 321, 0, 417, 0, 0, 417). (b) Assume the holding cost rate h= 0.4, and the setup cost K=150. Use the demand rate you found in part (a) to determine the lot size based on the EOQ formula

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