Question: Anvils Works' requires, on average, 2 , 6 0 0 tons of aluminum each week, with a standard deviation of 8 0 0 tons. The
Anvils Works' requires, on average, tons of aluminum each week, with a standard deviation of tons. The lead time to receive its orders is weeks. The holding cost for one ton of aluminum for one week is $ It operates with a instock probability.
On average, how many tons does it have on order?
Note: Round your answer to nearest integer.
On average, how many tons does it have on hand?
Note: Do not round intermediate calculations. Round your answer to nearest integer.
If its average inventory was tons, what would be its average holding cost per week?
Note: Round your answer to nearest integer.
If its average inventory was tons, what would be its average holding cost per ton of aluminum?
Note: Round your answer to decimal places.
Suppose its onhand inventory is tons, on average. What instock probability does it offer to its customers? Hint: use the NORM.SDISTz Excel function.
Note: Do not round intermediate calculations or your z value. Round your final answer to decimal places.
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