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http://hdl.handle.net/20.500.11861/10686
Title: | Model optimization and dynamic analysis of inventory management in manufacturing enterprises |
Authors: | Lei, Tengfei Prof. LI Yi Man, Rita Deeprasert, Jirawan |
Issue Date: | 2024 |
Source: | Information, 2024, vol. 15(12), article no. 785. |
Journal: | Information |
Abstract: | This study investigates inventory management systems using a sample of listed manufacturing companies in China from 2019 to 2023. By constructing a static mathematical model, the impact of inventory management on corporate performance was empirically tested. Additionally, based on a classical inventory management dynamical model and considering inventory delay characteristics, a new class of two-dimensional inventory management systems was reconstructed. The system’s periodic and chaotic nonlinear characteristics were verified using 0-1 tests, bifurcation diagrams, Lyapunov exponents, and system eigenvalue plots. Furthermore, MATLAB simulations were employed to examine the effect of resource transfer rates on the nonlinear dynamic behavior of the inventory management system. The results from both static mathematical models and dynamical models provide a theoretical basis for inventory management and safety stock level predictions in the manufacturing industry. |
Type: | Peer Reviewed Journal Article |
URI: | http://hdl.handle.net/20.500.11861/10686 |
ISSN: | 2078-2489 |
DOI: | 10.3390/info15120785 |
Appears in Collections: | Economics and Finance - Publication |
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