Question: i need it as fast as possible to solve it as lot-for-lot solution Q1. Develop a lot-for-lot solution and calculate total relevant costs for the

i need it as fast as possible to solve it as lot-for-lot solution

Q1. Develop a lot-for-lot solution and calculate total relevant costs for the data in the following table. Count and cost inventory at the end of each period for calculating inventory holding cost. (10 marks) 1 5 8 2 20 3 30 4 60 6 70 7 20 9 10 10 30 11 10 12 80 Week Gross requirement Scheduled receipt On hand (beginning) On hand (end of period) Net requirement Planned order receipt Planned order release Lead time = 2 weeks; setup cost = $300; holding cost = $5/unit/week; stockout cost = $10; beginning inventory=20 units. Q1. Develop a lot-for-lot solution and calculate total relevant costs for the data in the following table. Count and cost inventory at the end of each period for calculating inventory holding cost. (10 marks) 5 8 2 20 3 30 4 60 6 70 7 20 9 10 10 30 11 10 12 80 Week Gross requirement Scheduled receipt On hand (beginning) On hand (end of period) Net requirement Planned order receipt Planned order release Lead time = 2 weeks; setup cost = $300; holding cost = $5/unit/week; stockout cost = $10 beginning inventory=20 units

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