Question: can you please show all steps Probiem 4. Problem 5. One of the largest selling items in J.C. Ward's Department Store is a new model

can you please show all steps

can you please show all steps Probiem 4. Problem 5. One of

Probiem 4. Problem 5. One of the largest selling items in J.C. Ward's Department Store is a new model of refrig- erator that is highly energy-efcient. About 80 of these refrigerators are being sold per month. It takes about a week for the store to obtain more refrigerators from a wholesaler. The demand during this time has a uniform distribution between 10 and 30. The adminis- trative cost of placing each order is $100. For each refrigerator, the holding cost per month is $15 and the shortage cost per month is estimated to be $3. The store's inventory manager has decided to use the stochastic continuous-review model, with a service level (measure 1) of 0.8, to determine an [R,Q) policy. (a) Determine R and Q. (b) What will be the average number of stockouts per year with this inventory policy? A newspaper stand purchases newspapers for $0.55 and sells them for $0.75. The short- age cost is $0.75 per newspaper (because the dealer buys papers at retail price to satisfy shortages). The holding cost is $0.01 per newspaper left at the end of the day. The de mand distribution is a uniform distribution between 50 and 75. Find the optimal number of papers to buy

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