Question

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	30		30		30	60	20		20	70		50

Holding cost = $1.50/unitweek: setup cost = $200; lead time 1 week; beginning inventory 40 

Develop a lot-for-lot solution (enter your responses as whole numbers). 

Answer 1