defective

Provide a transition probability matrix on the inventory level of this product at the start of each day, starting with 3 items. Show how to calculate the probability of depleting the entire stock of 3 items in two days?

ASSIGNMENT The warehouse capacity of a given product is of 3 items at most. The daily demand for this product is given by the following probability distribution: p(0) = 0.3; p(1) 0.25, p(2)1.25, p(3+)=0.2, where 3+ means 3 or more. When the remaining items at the end of a day are less than 2, an […]

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