Suppose you have the following manufacturing process. You decide that you are go

Suppose you have the following
manufacturing process. You decide that you are going to acquire enough raw
materials to manufacture 1000 items. Each item will require $20 worth of raw
material and the rework costs scrap costs and benefit are provided along with
the transition probabilities in the following diagram. The scrap cost is not
the sum of the processing cost and raw material it is the cost that will be
incurred if the item is scrapped.Justify your answers using a
Markovian approach. Please provide the A 0 R and Q matrices along with the F
and M matrices. Also provide your profit equation in terms of the probabilities
from your matrices.