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, 2,600 tons of aluminum each week, with a standard deviation of 800 tons. The lead time to receive its orders is 11 weeks. The holding cost for one ton of aluminum for one week is $9. It operates with a 0.99 in-stock probability.
On average, how many tons does it have on order?
On average, how many tons does it have on hand?
If its average inventory was 7,500 tons, what would be its average holding cost per week?
If its average inventory was 10,000 tons, what would be its average holding cost per ton of aluminum?
Suppose its on-hand inventory is 5,000 tons, on average. What instock probability does it offer to its customers?

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