Question: Anvil's Works requires, on average, 2 8 0 0 tons of aluminum each week, with a standard deviation of 1 0 0 0 tons. The
Anvil's Works requires, on average, tons of aluminum each week, with a standard deviation of tons. The lead time to receive this order is weeks. The holding cost for one ton of aluminum for week is $ It operates with a instock probability.
On average, how many tons does it have on order?
you number should look like this: round to the integer.
QUESTION
On average, how many tons does Anvil Work's have on hand?
you number should look like this: round to the integer.
QUESTION
If Anvil Work's average inventory was tons not the answer from the values above, but use other relevant values in your calculations what would be the average holdins cost per week?
you number should look like this: for $ round to the integer.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
