The Application of Applied Mathematics in Inventory Control
Guannan Lin, Cuihong Zhai
Available Online April 2016.
- https://doi.org/10.2991/emim-16.2016.73How to use a DOI?
- Supply chain; Applied mathematics; Inventory control; Economic production quantity
- 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.
- 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 -