Discuss the components of inventory models addressed in chapter 18. We know that EOQ and JIT are both important methods in Inventory Theory. Please read this example on EOQ vs. JIT and comment on the pros and cons of either approach. Then give one example in real-world application for either approach. Identify the customers and the servers in the queueing system in each of the following situations: The checkout stands in a grocery store. A fire station. The tollbooth for a bridge. A bicycle repair shop. A group of semiautomatic machines is assigned to one operator