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Aetaliets Warehouse (AW) s an independent suppiler of household llems to department stores. AW ottempts to stock enough iteris for a 99 percent service probabaty

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Aetaliets Warehouse (AW) s an independent suppiler of household llems to department stores. AW ottempts to stock enough iteris for a 99 percent service probabaty Hock is ordered, a buyer must ensure that numbers afe correct for acck on-band and then phione in a new ofder The sptal cost invoked to place an order is about $14. RW figures that holding inventory in stock and paying for interest on borrowed capital. inuirance, and so on add vo to about $7 holfing cost per unt pet year. time to get the order is seven doys a. What ss the econonic order quantiy? (Round your answer to the nearest whole numbers) b. What is the reorder point? (Use Excefs NORMSiNVo function to find the correst critical value for the given afevel. Do not round intermediate colculations. Hound " x " value to 2 deciphel places and finni answer to the neareut whole number.)

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