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Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. Period Gross requirements The total cost is $
Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. Period Gross requirements The total cost is $ Develop a lot-for-lot solution (enter your responses as whole numbers). Period Gross requirements On-hand at beginning of period On-hand at end of period Order receipt Order release 1 20 (enter your response as a whole number). 2 40 3 40 1 20 4 *Holding cost = $1.50/unit/week; setup cost = $200; lead time = 1 week; beginning inventory = 40. 2 5 6 7 40 70 30 8 3 4 40 9 10 10 80 5 6 7 40 70 30 11 8 12 50 9 10 11 12 10 80 50
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