Question: Requirements input for a lot-sizing problem are (120, 150, 165, 155, 140, 130, 200, 150). Setup cost is $275, and holding cost is $0.75. Use

Requirements input for a lot-sizing problem are (120, 150, 165, 155, 140, 130, 200, 150). Setup cost is $275, and holding cost is $0.75. Use each lot-sizing technique

1. Determine the Single-lot (SL) and lot-for-lot (LFL) release and sizing plans and costs. 2. Determine the (ECONOMIC ORDER QUANTITY)EOQ lot release and sizing plan and cost. 3. Determine the lot release and sizing plan with the dynamic EOQ approach using the WW property(WAGNER-WHITIN (OATTS) PROPERTY). 4. Determine the optimal cost for lot release and sizing using the tabular method. 5. Using the output from the tabular method, determine the lot release and sizing plan. Verify that it does yield the cost determined in #4.

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