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Define the following terminologies including theories: LFL - Lot for Lot FOQ - Fixed Order Quantity, use Q = 1 5 0 FOP - Fixed

Define the following terminologies including theories:
LFL - Lot for Lot
FOQ - Fixed Order Quantity, use Q =150
FOP - Fixed Order Period (3 periods)
FOQ with safety stock (20)
FOQ with on-hand inventory (10)
WW Model
Use the following data to determine the lot sizing for each lot sizing methods mentioned above except EPL/EPQ.
Find the total cost for each case:
Ordering (setup) cost/order ,$75.00
Carrying cost/unit/period ,$0.60
Demand 10601511080100806070
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