Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*.
Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*.
| Period | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 |
| Gross requirements | 20 | 40 | 30 | 70 | 20 | 20 | 80 | 60 |
*Holding cost equals=$2.50/unit/week;
setup cost equals=$150;
lead time equals=1 week;
beginning inventory equals=40.
Develop a lot-for-lot solution (enter your responses as whole numbers).
In: Other
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