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Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. 5 6 7' 30 60 30 Period Gross
Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. 5 6 7' 30 60 30 Period Gross requirements 1 30 Develop a lot-for-lot solution (enter your responses as whole numbers). Period Gross requirements On-hand at beginning of period 40 On-hand at end of period Order receipt Order release 2 3 40 1 30 4 *Holding cost = $1.50/unit/week; setup cost = $200; lead time = 1 week; beginning inventory = 40. 2 3 4 40 5 30 8 68 9 10 10 80 7 8 9 10 60 30 11 12 50 10 11 12 80 50
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