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The demand for a particular model of a cellphone at a retail store adheres to the followingdistribution:Demand per day 0 1 2 3 4 5

The demand for a particular model of a cellphone at a retail store adheres to the followingdistribution:Demand per day 012345LeadTime 123The store orders 15 phones each time to have in stock to meet demand whenever there are6 units left in stock. They are trying to maintain low inventory levels. The holding cost isR100/unit. The ordering cost is R350 per order. The lost sale cost is R150/unit. A simulationis to be developed to estimate the average daily inventory cost over 25 days, assumingthere are currently 5 units in inventory.Simulate 25 days of this inventory management situation and calculate the total averagedaily inventory cost. NB: show all the steps.

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