Quantitative Analysis week 5 Discussion

Each week, you will be asked to respond to the prompt or prompts in the discussion forum. Your initial post should be a minimum of 300 words in length, and, you should respond to two additional posts from your peers. 

Inventory Models

We 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.