Question: Problem 14.22 Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. 1 6 8 10 4 Period

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 6 8 10 4 Period 2 3 4 5 7 9 10 11 12 Gross requirements 20 30 40 60 30 70 50 *Holding cost = $1.50/unit/week, setup cost = 5200; lead time = 1 week; beginning inventory = 40. Develop a lot-for-lot solution (enter your responses as whole numbers). Period 1 2 3 5 6 7 8 9 10 11 12 Gross requirements 20 30 40 60 30 10 70 50 On-hand at beginning of 40 period On-hand at end of period Order receipt Order release

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