Question: Consider a discrete-time inventory system modelled with a Markov chain (Xn) where demand in any period can take either of the values in (0, 1,

Consider a discrete-time inventory system modelled with a Markov chain (Xn) where demand in any period can take either of the values in (0, 1, 2, 3, 4, 5). Let Xn, be the inventory level at the end of period n. Assume that demand that is not filled in a period is lost (no backordering) and (q,Q) inventory policy is used with q=2 and Q=4.

A)What is the maximum value that Xn, can take?

B)What is the mninimum value that Xn, can take?

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