ASSIGNED PROBLEM $4$: Quant's business is really prospering. In fact, the annual demand for his tutorials is up to $10,000$ per year. Every time he places an order for completed tutorial packets, it costs $$16.$ Storage space is a bit tight, and it costs $$0\mathrm{.}08$ per packet in holding cost. It normally takes $5$ days for a shipment to arrive after an order is placed. Assuming $250$ working days per year, perform an EOQ analysis and answer the following:

$4$a$)$ What should your order size be if you want to minimize total cost?

$4$b$)$ What is the computed reorder point for tutorials if he doesn$$t care about safety stock?