Given the following information, formulate a continuous$-$review inventory management system. Assume you operate $365$ days in the year. Compute the order quantity and reorder point.

$\backslash$table$[[$Item cost$,$$$100,,],[$Order cost$,$$$20,$demand,$\backslash$table$[[6$ per$],[$day$]]],[\backslash$table$[[$Inventory holding cost per unit per$],[$year $(\%)]],\backslash$table$[[20\%$ of item$],[$cost$]],$Lead time,$2$ days$],[$Average daily demand,$100$ units,Service probability,$97\%$