Question: Anvils Works' requires, on average, 2 , 9 0 0 tons of aluminum each week, with a standard deviation of 8 0 0 tons. The

Anvils Works' requires, on average, 2,900 tons of aluminum each week, with a standard deviation of 800 tons. The lead time to receive its orders is 8 weeks. The holding cost for one ton of aluminum for one week is $10. It operates with a 0.98 in-stock probability.
a. On average, how many tons does it have on order?
Note: Round your answer to nearest integer.
Tons
b. On average, how many tons does it have on hand?
Note: Do not round intermediate calculations. Round your answer to nearest integer.
Tons
c. If its average inventory was 8,500 tons, what would be its average holding cost per week?
Note: Round your answer to nearest integer.
Average holding cost per week
d. If its average inventory was 7,000 tons, what would be its average holding cost per ton of aluminum?
Note: Round your answer to 2 decimal places.
Average holding cost per ton
e. Suppose its on-hand inventory is 5,200 tons, on average. What in-stock probability does it offer to its customers? Hint: use the =NORM.S.DIST(z,1) Excel function.
Note: Do not round intermediate calculations or your z value. Round your final answer to 4 decimal places.
In-stock probability
Anvils Works' requires, on average, 2 , 9 0 0

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