Answered step by step
Verified Expert Solution
Question
1 Approved Answer
18 A fabricating shop orders supplios every 6 days. The lead time for deliveries is 9 days. Demand for steel averages 30 pounds per day
18 A fabricating shop orders supplios every 6 days. The lead time for deliveries is 9 days. Demand for steel averages 30 pounds per day with a standard deviation of 3,3 pounds. The holding cost for steel is $0.6 per pound per day. The fabricating shop wonts to achieve an in-stock probability rate of 99.87% for steel Round your answer to one decimal place On average, how many pounds of stoel will the fabricating ahop have on order? pound 0202
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started