Inventory ModelsWe know that EOQ and JIT are both important methods in Inventory Theory. Please read this example on EOQ vs. JIT and comments on the pros and cons of either approach. Then give one example in real world application for either approach.If you use any source outside of your own thoughts, you should reference that source. Include solid grammar, punctuation, sentence structure, and spelling. Minimum of one reference and 350 words.

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