Proceedings of the 6th International Conference on Electronic, Mechanical, Information and Management Society

The Application of Applied Mathematics in Inventory Control

Authors
Guannan Lin, Cuihong Zhai
Corresponding Author
Guannan Lin
Available Online April 2016.
DOI
https://doi.org/10.2991/emim-16.2016.73How to use a DOI?
Keywords
Supply chain; Applied mathematics; Inventory control; Economic production quantity
Abstract
Facing the increasingly intense competition, we can adopt various policies to reduce costs and enhance the competitiveness. The company in this paper is encountered with big pressure of customer cost passthrough. How to properly organize the manufacturing, control stock, and reduce the production cost shall be primary issues. For manufacturing companies, it operates based on the demand of customer or market, they develop products, purchase materials, manufacture products in the form of goods and sell them to customers with after-sale services. Manufacturing objects start from the supplier and move toward value-added sectors which thus consist a long supply chain. This paper starts from various sectors of valued-added supply chain to establish the mathematic model describing the relation between internal supply and demand as well as the manufacturing cost based on mathematic modeling to further analyze this model and apply it in real manufacturing to solve the contradiction between supply and demand, and meanwhile reduce production costs.
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Proceedings
6th International Conference on Electronic, Mechanical, Information and Management Society
Part of series
Advances in Computer Science Research
Publication Date
April 2016
ISBN
978-94-6252-176-6
ISSN
2352-538X
DOI
https://doi.org/10.2991/emim-16.2016.73How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Guannan Lin
AU  - Cuihong Zhai
PY  - 2016/04
DA  - 2016/04
TI  - The Application of Applied Mathematics in Inventory Control
BT  - 6th International Conference on Electronic, Mechanical, Information and Management Society
PB  - Atlantis Press
SP  - 335
EP  - 338
SN  - 2352-538X
UR  - https://doi.org/10.2991/emim-16.2016.73
DO  - https://doi.org/10.2991/emim-16.2016.73
ID  - Lin2016/04
ER  -