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Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. Develop a lot-for-lot solution (enter your responses
Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. Develop a lot-for-lot solution (enter your responses as whole numbers). Period Gross requirements 1 2 30 3 4 40 5 6 7 30 70 20 8 9 10 11 10 80 12 50 *Holding cost $2.50/unit/week; setup cost = $150; lead time = 1 week; beginning inventory = 40. Period 30 69 7 89 10 11 12 70 20 20 10 80 60 50 1 2 3 4 5 30 40 40 50 Gross requirements 30 On-hand at beginning of period 40 On-hand at end of period Order receipt The total cost is $ (enter your response as a whole number). Order release
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