A shop that makes candles offers a scented candle, which has a monthly demand of 351 boxes. Candles can be produced at a rate of 32 boxes per day. The shop operates 20 days a month. Assume that demand is uniform throughout the month. Setup cost is $56 for a run, and holding cost is $2.1 per box on a monthly basis.
What is the Maximum inventory during a cycle? Hint: Your starting point is the EPQ formula.