Question: Please answer all three parts with clear working steps and tables. Thank you. Material Requirement Planning (10 marks) 15 Month 1 Requirement 50 3 85

Please answer all three parts with clear working steps and tables. Thank you.

Material Requirement Planning (10 marks) 15 Month 1 Requirement 50 3 85 4 65 100 100 Holding cost = $2/unit/month; setup cost = $250; lead time = 1 month; no beginning inventory Based on the data given in the table above, use each lot-sizing technique below to calculate its total relevant costs for the 5 months. (a) Lot-for-lot (1 mark) (b) EOQ (4 marks) (c) Part Period Balancing

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