Question: Problem 1 A retailer sells a perishable commodity and each day he places an order for Q units. Each unit that is sold gives

Problem 1 A retailer sells a perishable commodity and each day he places an order for Q units. Each unit that is sold gives a profit of 60 cents and units not sold at the end of the day are discarded at a loss of 40 cents per unit. The demand, D, on any given day is uniformly distributed over [80,140]. How many units should the retailer order to maximize expected profit? Problem 2 Redo Problem 1 numerically using MATLAB and compare the results.

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