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Calculate the cost of operating under the different MRP lot sizing techniques: Lot-for-Lot (L4L) Economic Order Quantity (EOQ) Least Total Cost (LTC) Least Unit Cost

Calculate the cost of operating under the different MRP lot sizing techniques:

Lot-for-Lot (L4L)

Economic Order Quantity (EOQ)

Least Total Cost (LTC)

Least Unit Cost (LUC)

Compare your results and state which method is the most cost efficient in this situation.

Consider the following MRP lot sizing problem:

Cost per item

$50

Order/setup cost

$75

Inventory carrying cost per item per week

$1

Weekly net requirements:

1

2

3

4

5

6

7

8

75

90

100

90

80

95

90

80

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