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)