Question2. A consumer electronics retailer can place orders for at panel TVs at the beginning of each day. All orders are delivered immediately. Every time an order is placed for one or more TVs, the retailer pays a fixed cost of $60. Every TV ordered costs the retailer $100. The daily holding cost per unsold TV is $10. A daily shortage cost of $180 is incurred for each TV that is not available to satisfy demand. The retailer can accommodate a maximum inventory of two TVs. The daily demand for TVs is an independent, identically distributed random variable which has the following stationary probability distribution: We would like to minimize his (long run) expected average cost per day. Formulate this model as an MDP and solve it via (a) Exhaustive enumeration (b) LP formulation (c) Policy Iteration