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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 20 Period 1
Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. 5 6 7 30 60 20 Period 1 Gross requirements 20 2 Period Gross requirements On-hand at beginning of period 40 On-hand at end of period Order receipt Order release 3 30 Develop a lot-for-lot solution (enter your responses as whole numbers). *Holding cost = $2.50/unit/week; setup cost = $200; lead time = 1 week; beginning inventory = 40. 1 20 4 2 3 30 4 5 30 8 6 60 9 10 11 12 10 80 50 7 20 8 9 10 11 12 10 80 50
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