Assignment task: Anvils Works' requires, on average, 2,900 tons of aluminum each week, with a standard deviation of 900 tons. The lead time to receive its orders is 9 weeks. The holding cost for one ton of aluminum for one week is $11. It operates with a 0.99 in-stock probability.
a. On average, how many tons does it have on order?
Note: Round your answer to nearest integer.
b. On average, how many tons does it have on hand?
Note: Do not round intermediate calculations. Round your answer to nearest integer.
c. If its average inventory was 7,500 tons, what would be its average holding cost per week?
Note: Round your answer to nearest integer.