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Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. Period 1 Gross requirements 20 Develop a lot-for-lot
Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. Period 1 Gross requirements 20 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 2 Order receipt Order release 3 4 5 40 1 20 *Holding cost $3.50/unit/week; setup cost = $200; lead time = 1 week; beginning inventory = 40. 2 7 6 30 60 20 3 40 4 8 5 30 9 20 70 10 11 12 50 6 7 8 60 20 9 20 10 11 12 70 50
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