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Develop a​ lot-for-lot solution and calculate total relevant costs for the

gross requirements in the following​ table*.

Screenshot (5).png

Screenshot (5).png

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
7 8
9 10 11
12
Gross requirements
30
40
40
70 20
20 80
60
*Holding cost = $2.50/unit/week; setup cost = $200; lead time = 1 week; beginning inventory = 40.
Develop a lot-for-lot solution (enter your responses as whole numbers).
Period
1 2
2 3 4 5 6 7 8 9 10 11 12
Gross requirements
30
40
40 70 20
80
60
On-hand at beginning of period
40
On-hand at end of period
Order receipt
Order release

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