i. True/False: Holding all else equal, if you increase the desired service level from 0.8 to 0.9 in a multi-period inventory system with continuous review and uncertain demand, then your required reorder point R will decrease.

ii. True/False: All else equal, the EOQ quantity increases as the lead time increases.

iii. True or False: A shirt takes on average 10 minutes to move through the manufacturing process at the plant. On average, the plant has 100 t-shirts in the process. Therefore, on average, the plant makes 600 shirts an hour.

iv. True/False: The profit maximizing order quantity in a Newsvendor setting (i.e.,when demand is uncertain and the order quantity must be decided way in advance of demand realization) is always when the overage costs and underage costs are equal.

v. (True/False) By increasing the bottlenecks capacity by 10%, the process capacity will always increase by 10% as well.