Inventory questions

1) The demand for a particular item over the next 12 months is given in the table at the end of the question. The holding cost is $1 per item per month, charged to ending inventory. The fixed cost of placing an order is $200. At the beginning of month 1 there are 0 units of initial inventory. No shortages are permitted. Determine a production plan for this product over the 12-month planning horizon using the below lot sizing policies and compare their costs. a. Lot for lot b. EOQ c. Periodic order quantity d. Part-Period Balancing e. Wagner Whitin