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ALSO: What is the total cost? Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. Period 2
ALSO: What is the total cost?
Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. Period 2 3 4 5 6 7 8 9 10 11 12 Gross requirements 20 30 30 70 20 10 80 60 *Holding cost = $1.50/unit/week; setup cost = $150; lead time = 1 week; beginning inventory = 40. Develop a lot-for-lot solution (enter your responses as whole numbers). Period 2 3 4 5 6 7 8 9 10 11 12 20 30 30 70 20 10 80 60 10 Gross requirements On-hand at beginning of period On-hand at end of period Order receipt Order releaseStep by Step Solution
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