Q1. Consider the inventory management problem for a seasonal item (calendars) discussed in Chapter 11 (p. 482). The calendars cost $4.95ea, sell for $12.95ea, and unsold inventory is returned for $1.95ea. Assume the estimate for the calendar demand has a minimum value of 500, most likely value of 600, and maximum value of 750. Consider three different quantities to be ordered: 600, 650, and 700. Assume a goodwill loss of $1 per item on the unmet demand is added to the cost. a) Build a deterministic spreadsheet model to compute profit from the sale of calendars. b) Represent the demand by a triangular distribution. Obtain and plot the profit distribution for the three order quantities considered. Q1. Consider the inventory management problem for a seasonal item (calendars) discussed in Chapter 11 (p. 482). The calendars cost $4.95ea, sell for $12.95ea, and unsold inventory is returned for $1.95ea. Assume the estimate for the calendar demand has a minimum value of 500, most likely value of 600, and maximum value of 750. Consider three different quantities to be ordered: 600, 650, and 700. Assume a goodwill loss of $1 per item on the unmet demand is added to the cost. a) Build a deterministic spreadsheet model to compute profit from the sale of calendars. b) Represent the demand by a triangular distribution. Obtain and plot the profit distribution for the three order quantities considered