Question: This is a subjective question, hence you have to write your answer in the Texi-Fleld given below. The Gross Requirements of an item produced by

 This is a subjective question, hence you have to write your

This is a subjective question, hence you have to write your answer in the Texi-Fleld given below. The Gross Requirements of an item produced by LeoCo is as follows - [8] Lead time =1 period; Set-up costs =$200; Holding cost=$10 per week, Stock-out cost =$10 per week Inventory at the beginning of period 1=30 units. Show in a table the ordering plans and other details for the following two lot sizing techniques: (a) Lot-for-lot and (o) EOQ. Which plan has the least cost? Shotr Explain every calculation

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