Mr. Harry Porter wants to develop a lot-sizing schedule for a product. Mr. Porter recognizes that it costs his company $700 to setup its system to produce the product, and it costs $5 to keep one unit in inventory for a week. Considering that Part- Period Balancing provides a good trade-off of setup and inventory holding costs, Mr. Porter asks your help to develop a lot schedule using the Economic Part-Period Balance. Assuming no beginning inventory in week 1 and no lead-time, please develop the plan and calculate the setup, inventory holding, and total costs for Mr. Porter. Week 1 2 3 4 5 17 8 70 30 60 50 90 Net requirements 70 140 30 Begin. Inventory b Production Quantity Ending Inventory Average Inventory Target Economic Part Period = Setup Cost = Inventory Holding Cost = Total Cost = Mr. Harry Porter wants to develop a lot-sizing schedule for a product. Mr. Porter recognizes that it costs his company $700 to setup its system to produce the product, and it costs $5 to keep one unit in inventory for a week. Considering that Part- Period Balancing provides a good trade-off of setup and inventory holding costs, Mr. Porter asks your help to develop a lot schedule using the Economic Part-Period Balance. Assuming no beginning inventory in week 1 and no lead-time, please develop the plan and calculate the setup, inventory holding, and total costs for Mr. Porter. Week 1 2 3 4 5 17 8 70 30 60 50 90 Net requirements 70 140 30 Begin. Inventory b Production Quantity Ending Inventory Average Inventory Target Economic Part Period = Setup Cost = Inventory Holding Cost = Total Cost =