Question: Problem 14.22 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

Problem 14.22 Develop a lot-for-lot solution and

Problem 14.22 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 12 Period Gross requirements 9 10 11 20 70 30 30 30 60 20 60 *Holding cost = $1.50/unit/week; setup cost = $150; lead time = 1 week; beginning inventory = 40. Develop a lot-for-lot solution (enter your responses as whole numbers). Period 1 2 3 4 5 6 7 8 9 10 11 12 30 30 30 60 20 20 70 60 40 40 Gross requirements On-hand at beginning of period On-hand at end of period Order receipt Order release 10

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