QUESTION #2 - 50 Points The website, "Marvin's Golf Hut.com", is the largest national retailer of the GOLONG golf ball. They are trying to determine the inventory policy for "boxes of GOLONG balls. Each box has a dozen balls, but for this analysis consider boxes and not individual golf balls. It is estimated that the website will sell (use your student ID #here...for example if your ID# is W01085206, then use 1,085,206) boxes of balls this year, and since it is a website, we operate 365 days a year. Marvin is one of the exceptionally large customers for Par Inc.'s GOLONG golf balls, so he gets a reduced price of $25.00 per dozen and Par Inc. only charges him $5.00 to place an order. Marvin also gets expedited delivery at no extra charge, and Par Inc. promises that any order delivered to Marvin's warehouse will have a lead-time of only 3 working days: 1day to receive the order, 1 day to process the order, and then 1 day to ship to the warehouse. In addition, every order is guaranteed to be 100% correct. Marvin's warehouse manager, Mr. Marvin the Martian, estimates that the per-unit holding cost is 2% of the price we paid for each dozen. Provide the MS 6.0 solution for "Martin's inventory problem. You must submit your MS 6.0 solution with your exam. Answer the following questions: What is the most efficient order size? Please type your answer here. What is the number of orders per year? Please type your answer here. What is the amount of time between orders? Please type your answer here. Identify and briefly explain the 3 Budgets of Inventory. Please type your answer here. Determine the re-order point for the GOLONG golf ball? Please type your answer here. Assume the standard deviation of Marvin's inventory is 250 boxes. What is the safety stock at the 80th and 95th percentile? What is the probability of stockout if the safety stock policy is only 350 boxes? You must submit evidence (show your work) of your solution with your exam. Provide Mr. Martian with a 21 MEMO" that provides and explains your suggested 2022 inventory policy of the Marvin golf ball problem. As part of your answer, include at least two qualitative criteria and two quantitative criteria that helped you determine your policy. Memo to the Warehouse Manager: (at least 2 GREAT paragraphs) Dear Marvin, Please type your answer here. MARVIN THE MARTIAN MacBook Pro