Model Optimization and Dynamic Analysis of Inventory Management in Manufacturing Enterprises
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 invent...
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| Format: | Article |
| Language: | English |
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MDPI AG
2024-12-01
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| Series: | Information |
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| Online Access: | https://www.mdpi.com/2078-2489/15/12/785 |
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| author | Tengfei Lei Rita Yi Man Li Jirawan Deeprasert |
| author_facet | Tengfei Lei Rita Yi Man Li Jirawan Deeprasert |
| author_sort | Tengfei Lei |
| collection | DOAJ |
| description | 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. |
| format | Article |
| id | doaj-art-14b8524524294835a80290ac0dce2091 |
| institution | Kabale University |
| issn | 2078-2489 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Information |
| spelling | doaj-art-14b8524524294835a80290ac0dce20912024-12-27T14:30:49ZengMDPI AGInformation2078-24892024-12-01151278510.3390/info15120785Model Optimization and Dynamic Analysis of Inventory Management in Manufacturing EnterprisesTengfei Lei0Rita Yi Man Li1Jirawan Deeprasert2Rattanakosin International College of Creative Entrepreneurship, Rajamangala University of Technology Rattanakosin, Phutthamonthon 73170, ThailandSustainable Real Estate Research Center/Department of Economics and Finance, Hong Kong Shue Yan University, Hong Kong 999077, ChinaRattanakosin International College of Creative Entrepreneurship, Rajamangala University of Technology Rattanakosin, Phutthamonthon 73170, ThailandThis 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.https://www.mdpi.com/2078-2489/15/12/785inventory managementstatic mathematical modeldynamical modelchaos |
| spellingShingle | Tengfei Lei Rita Yi Man Li Jirawan Deeprasert Model Optimization and Dynamic Analysis of Inventory Management in Manufacturing Enterprises Information inventory management static mathematical model dynamical model chaos |
| title | Model Optimization and Dynamic Analysis of Inventory Management in Manufacturing Enterprises |
| title_full | Model Optimization and Dynamic Analysis of Inventory Management in Manufacturing Enterprises |
| title_fullStr | Model Optimization and Dynamic Analysis of Inventory Management in Manufacturing Enterprises |
| title_full_unstemmed | Model Optimization and Dynamic Analysis of Inventory Management in Manufacturing Enterprises |
| title_short | Model Optimization and Dynamic Analysis of Inventory Management in Manufacturing Enterprises |
| title_sort | model optimization and dynamic analysis of inventory management in manufacturing enterprises |
| topic | inventory management static mathematical model dynamical model chaos |
| url | https://www.mdpi.com/2078-2489/15/12/785 |
| work_keys_str_mv | AT tengfeilei modeloptimizationanddynamicanalysisofinventorymanagementinmanufacturingenterprises AT ritayimanli modeloptimizationanddynamicanalysisofinventorymanagementinmanufacturingenterprises AT jirawandeeprasert modeloptimizationanddynamicanalysisofinventorymanagementinmanufacturingenterprises |