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Business, 26.03.2020 22:00 iiomqjessica

Anvils Works’ requires, on average, 2800 tons of aluminum each week, with a standard deviation of 1000 tons. The lead time to receive its orders is 10 weeks. The holding cost for one ton of aluminum for one week is $11. It operates with a 0.98 in-stock probability. a. On average, how many tons does it have on order?

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Anvils Works’ requires, on average, 2800 tons of aluminum each week, with a standard deviation of 10...
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