Question: The lot sizing for 10 periods for a product using the Silver-Meal and Least Unit Cost heuristics is provided below. Suppose that the setup cost

The lot sizing for 10 periods for a product using the Silver-Meal and Least Unit Cost heuristics is provided below. Suppose that the setup cost is $100 and that the holding cost is $0.50 per unit per period. Period 2 3 4 5 6 7 8 9 10 Time phased 50 requirements 30 20 10 30 120 50 15 80 40 POR (SM) 110 215 120 POR (LLC 100 160 145 40 1.5 points Based on the above information how can you decide which approach is best? 2. (5 points which approach is best? Show logic for credit

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