77- Answer Increase or Decrease in the following questions: (6 Pts) a. If a reorder point is increased, what happens to its service level? b. If a reorder point is increased, what happens to its safety stock? c. If a reorder point is decreased, what happens to its stock out risk? d. In a fixed order quantity policy, if the policys order size is decreased, what happens to average inventory level? e. In a fixed order quantity policy, if the policys order size is decreased, what happens to the frequency of ordering? f. In a fixed order quantity policy, if the policys order size is increased, what happens to the reorder point?

78. Answer Type I error or Type II error: (2 Pts) a. Producers risk refers to what potential mistake? b. To what potential mistake does consumers risk refer?