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 30 40 70 30 10 70 50 *Holding cost = $3.50/unit/week; setup cost = $150; lead time = 1 week; beginning inventory = 40. Develop a lot-for-lot solution (enter your responses as whole numbers). Period 1 2 3 4 5 6 7 8 9 10 11 12 Gross requirements 20 30 40 70 30 10 70 50 On-hand at beginning of period 40 20 20 0 0 0 0 0 0 0 0 0 On-hand at end of period 20 20 0 0 0 10 10 0 0 10 0 Order receipt 0 10 0 40 70 30 0 10 80 0 28008 50 Order release 10 10 0 40 70 30 0 10 80 0 50
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 30 40 70 30 10 70 50 *Holding cost = $3.50/unit/week; setup cost = $150; lead time = 1 week; beginning inventory = 40. Develop a lot-for-lot solution (enter your responses as whole numbers). Period 1 2 3 4 5 6 7 8 9 10 11 12 Gross requirements 20 30 40 70 30 10 70 50 On-hand at beginning of period 40 20 20 0 0 0 0 0 0 0 0 0 On-hand at end of period 20 20 0 0 0 10 10 0 0 10 0 Order receipt 0 10 0 40 70 30 0 10 80 0 28008 50 Order release 10 10 0 40 70 30 0 10 80 0 50
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Transcribed Image Text: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
30
40
70 30
10 70
50
*Holding cost = $3.50/unit/week; setup cost = $150; lead time = 1 week; beginning inventory = 40.
Develop a lot-for-lot solution (enter your responses as whole numbers).
Period
1 2
3
4
5 6
7
8
9
10 11 12
Gross requirements
20
30
40
70
30
10
70
50
On-hand at beginning of period
40
20
20
0
0
0
0
0
0
0
0 0
On-hand at end of period
20
20
0
0
0
10
10
0
0
10
0
Order receipt
0
10
0
40
70
30
0
10
80
0
28008
50
Order release
10
10
0
40
70
30
0
10
80
0
50
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