What is the value of average inventory level in one year

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Reference no: EM131176178

In the basic EOQ model, a monthly demand of 300 units, an ordering cost of $8 per order, and an annual carrying cost per unit of $1, working days per year = 360, and lead time of 2 days. What is the value of average inventory level in one year?

Reference no: EM131176178

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