Musketeer Co. expects daily usage of 500 lb of material X, an anticipated lead time of seven
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Musketeer Co. expects daily usage of 500 lb of material X, an anticipated lead time of seven days, and a desired safety stock of 2,500 lb.
a. Determine the order point.
b. Determine the number of pounds to be issued from safety stock if the new order is four days late.
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