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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
FOP Fixed Order Period periods
FOQ with safety stock
FOQ with onhand inventory
WW Model
Use the following data to determine the lot sizing for each lot sizing methods mentioned above except EPLEPQ
Find the total cost for each case:
Ordering setup costorder $
Carrying costunitperiod $
Demand
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