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The Gross Requirements of an item produced by LeoCo is as follows - [8] Lead time =1 period Set-up costs =$200; Holding cost $10 per
The Gross Requirements of an item produced by LeoCo is as follows - [8] Lead time =1 period Set-up costs =$200; Holding cost $10 per week, Stock-out cost $10 per week Inventory at the beginning of period 1=30 units. Show in a table the ordering plans and other details for the following two lot sizing techniques: (a) Lot-for-lot and (b) EOQ. Which plan has the least cost? Show/Explain every calculation
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