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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

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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