Question: Show all your math 2. Hayes Electronics in Problem 1 assumed with certainty that the ordering cost is $450 per order and the inventory carrying

Show all your math 2. Hayes Electronics inShow all your math 2. Hayes Electronics in

Show all your math 2. Hayes Electronics in Problem 1 assumed with certainty that the ordering cost is $450 per order and the inventory carrying cost is $170 per unit per year. However, the inventory model param- eters are frequently only estimates that are subject to some degree of uncertainty. Consider four cases of variation in the model parameters: (a) Both ordering cost and carrying cost are 10% less than originally estimated, (b) both ordering cost and carrying cost are 10% higher than originally estimated, (c) ordering cost is 10% higher and carrying cost is 10% lower than originally esti- mated, and (d) ordering cost is 10% lower and carrying cost is 10% higher than originally esti- mated. Determine the optimal order quantity and total inventory cost for each of the four cases. Prepare a table with values from all four cases and compare the sensitivity of the model solution to changes in parameter values. Show all your math Hayes Electronics stocks and sells a particular brand of personal computer. It costs the firm $450 each time it places an order with the manufacturer for the personal computers. The cost of carry- ing one PC in inventory for a year is $170. The store manager estimates that total annual demand for the computers will be 1,200 units, with a constant demand rate throughout the year. Orders are received within minutes after placement from a local warehouse maintained by the manufac- turer. The store policy is never to have stockouts of the PCs. The store is open for business every day of the year except Christmas Day. Determine the following: a. The optimal order quantity per order b. The minimum total annual inventory costs c. The optimal number of orders per year d. The optimal time between orders (in working days)

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