Question: The average demand for a particular part is 25 units a day. It costs $48 to place an order, and the inventory carrying cost is

The average demand for a particular part is 25

The average demand for a particular part is 25 units a day. It costs $48 to place an order, and the inventory carrying cost is $16 per unit per year. Assume 250 working days a year. The part requires a 95% of service level with a safety stock requirement of 21 units. What is the average inventory of the part at any given time? Numbers only, keep 3-decimal if not exact, either round up or down is ok

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