1. In a given period, demand for an item is equally likely to be any value between 100 and 199 units. Each unit costs $75 and is sold for $100 each. Any unsold stock at the end of the period can be sold for $25 a unit. What is the optimal order quantity for the period?
2. If you were the CEO of a Japanese company considering going abroad, which countries would you short-list and why? You should make sure that the culture of the countries that you choose is relatively similar to the culture of Japan. Justify your answer based on supporting evidence in a few pages of text.