Business, 06.05.2020 06:33, ssteitzsophiee223

High Plains Inc. manufacturers furniture in North Dakota. High Plains receives its wood from a lumber yard in Calgary. The lead time for orders is 3 weeks. One of their board costs $14 per unit and the holding cost for this board is $0.5 per week. They manage their inventory to achieve a 96 percent in-stock probability. Weekly demand is for 150 boards with a standard deviation of 200.a. How many boards do they have on on order on average? boardsb. How many boards do they have on hand on average? boardsc. For this board what is the total holding cost incurred per week? per weekd. What is the holding cost they incur per board? per board

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High Plains Inc. manufacturers furniture in North Dakota. High Plains receives its wood from a lumbe...