This is a subjective question, hence you have to write your answer in the Text-Field given below. The Gross requirements of an item produced by IndustrialMachineru in i (Show all calculations). [8] Other details- Lead time =2 weeks; Setup (ordering) cost = Rs 300/ Setup (Order); Holding cost=Rs 20/unit/week, Stock-out cost= Rs 50/ /unitwweek. Develop MPS for the following two lot sizing policies- (a) Lot-for-lot. (b) EOQ. (c) Which plan has the least cost? Show all calculations. [Instruction-Answer each part in a separate paragraph\}