PLEASE USE YOUR OWN ANSWER AS CHEGG SOLUTIONS ARE INCORRECT

(20 points) Chambers Inc. is considering using the PPB lot-sizing approach, but first it wants to compare the approach to its current lot-sizing method, EOQ. Chambers has selected a sample component for the comparison, and its requirements are given below. Ordering cost is $25 per order, and carrying cost is $0.25 per unit per period. (Use average inventory.) Using the sample component data, construct schedules using PPB and EOQ. Also, compare the costs of these schedules. 1 61 2 29 3 43 Period 4 5 79 41 6 16 7 76 8 55 Requirements (20 points) Chambers Inc. is considering using the PPB lot-sizing approach, but first it wants to compare the approach to its current lot-sizing method, EOQ. Chambers has selected a sample component for the comparison, and its requirements are given below. Ordering cost is $25 per order, and carrying cost is $0.25 per unit per period. (Use average inventory.) Using the sample component data, construct schedules using PPB and EOQ. Also, compare the costs of these schedules. 1 61 2 29 3 43 Period 4 5 79 41 6 16 7 76 8 55 Requirements