Question: please complete both parts 1 and 2 Part 2 is to determine the cost Develop a lot-for-lot solution and calculate total relevant costs for the
please complete both parts 1 and 2
Part 2 is to determine the cost
Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table". 1 2 3 4 5 6 7 8 Period Gross requirements 9 10 11 10 80 12 50 30 30 30 70 20 "Holding cost = $2.50/unit/week; setup cost = $200; lead time = 1 week; beginning inventory = 40. Develop a lot-for-lot solution (enter your responses as whole numbers). 1 2 4 6 7 7 8 8 3 30 5 30 9 10 11 10 80 12 50 30 70 20 40 Period Gross requirements On-hand at beginning of period On-hand at end of period Order receipt Order release
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