Statics is the action of one body on another. A force is either a push or a pull. A force tends to move a body in the direction of its action. The action of a force is characterized by its magnitude, by the direction of its action, and by its point of application. Thus, force is a vector quantity, because its effect depends on the direction as well as on the magnitude of the action. Forces are classified as either contact or body forces. A contact force is produced by direct physical contact; an example is the force exerted on a
Economic production quantity can notice from the equations above that the total ordering cost decreases as the production quantity increases. Inversely, the total holding cost increases as the production quantity increases. Therefore, in order to get the optimal production quantity we need to set holding cost per year equal to ordering cost per year and solve for quantity (Q), which is the EPQ formula mentioned below. Ordering this quantity will result in the lowest total inventory cost per year. Economic production quantity The economic production quantity model (also known as the EPQ model) determines the quantity a company or retailer should order to