Part A Consider an item with tem cost 50. The cost per order is 25 and holding cost is 20% of the item value. Daly demand is 8 units. The suppler takes 14 days to delver the products. Assume that demand is constant. Also assume that working days in a year are 300 What shall be economic order quantity? What shall be reorder point to run this inventory system? What shall be total annual cost to run this inventory system? Part 3: Suppose that demand is uncertain Average daily demand as 8 units with standard deviation of daily demandas 5. What would be the reorder point if you are to maintain the service level of 974 value is 1.88) Sea