Question: The average demand for a particular part is 22 units a day. It costs $31 to place an order, and the inventory carrying cost is

The average demand for a particular part is 22 units a day. It costs $31 to place an order, and the inventory carrying cost is $10 per unit per year. Assume 250 working days a year. The part requires a 95% of service level with a safety stock requirement of 20 units. What is the average inventory of the part at any given time?

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