Applied Mathematics and Nonlinear Sciences
Journal license

Journal

Applied Mathematics and Nonlinear Sciences


Volume
& Issue

Volume 9, Issue 1


Published
on

July 5, 2024


Pages


DOI

Article

Models and Methods of Applied Mathematics in Supply Chain Management and Optimization

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Authors

Ji Liu Affiliation:
Department of Basic Courses, Hebei Vocational University of Industry and Technology, Shijiazhuang, Hebei, 050091, China.
, Juan Li Affiliation:
Department of Basic Courses, Hebei Vocational University of Industry and Technology, Shijiazhuang, Hebei, 050091, China.
and Fengmin Ma Affiliation:
Department of Basic Courses, Hebei Vocational University of Industry and Technology, Shijiazhuang, Hebei, 050091, China.


Abstract

Amidst the swift expansion of the global trade economy, enterprises are confronted with escalating competition within their industries. Enhancing market competitiveness to boost economic efficiency emerges as a pivotal strategy for ensuring corporate viability. This study employs applied mathematics to refine the optimization of supply chain management, thereby offering a novel approach to augmenting management efficacy in enterprise supply chains. Initially, the research adopts mathematical models tuned to the traditional structure of enterprise supply chains, addressing prevalent profiling issues. Subsequently, it introduces a two-tier planning model to facilitate multi-objective decision-making in supply chain management. This model is rigorously applied to resolve various decision-making scenarios. An empirical analysis is conducted using Company M as a case study. Post-optimization, Company M's inventory exhibited only one instance of material shortfall, involving 132 items. The capital tied up in inventory was significantly reduced to 214,092 yuan—a decrease of 36,319 yuan compared to the capital occupied under traditional supply chain management methods. Furthermore, the optimized supply chain management system demonstrated a notable increase in the average inventory turnover rate to 12.3507%, marking an improvement of 3.6923% over the traditional model. The findings underscore the efficacy of the proposed optimization in enhancing the economic efficiency of enterprise supply chain management. This optimization not only streamlines operations but also provides robust support for the ongoing development of enterprise supply chains.


Keywords

Applied mathematics, Two-layer planning model, Supply chain management, Optimization decision-making, 97P10


Citation

Liu, J., Li, J., & Ma, F. (2024). Models and methods of applied mathematics in supply chain management and optimization. Applied Mathematics and Nonlinear Sciences, 9(1). https://doi.org/10.2478/amns-2024-1713

Published by: Engineering Journals

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