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Question
Consider the following requirements for a certain product.
| Period | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Gross requirements | 0 | 200 | 200 | 500 | 0 | 400 | 0 | 400 |
Beginning inventory = 500 units
Setup cost = $500 per setup
Lead time = 1 week
Holding cost = $3 per unit per week
a. Develop the lot-for-lot MRP table.
b. Calculate the total relevant costs.
Answer
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