Mathematical Methods Applied to Economy and Sustainable Development Goals
Open Access
- 1 January 2022
- journal article
- research article
- Published by Scientific Research Publishing, Inc. in Open Journal of Modelling and Simulation
- Vol. 10 (03), 283-291
- https://doi.org/10.4236/ojmsi.2022.103015
Abstract
Mathematics is a key factor in achieving the Sustainable Development Goals (SDGs), because of its applicability to real situations. To achieve the set goals in SDG, this paper suggests some mathematical methods that will be useful for solving real situations in relation to goals 2 and 12 of SDGs approved by UN when modeled mathematically. The Northwest Corner Method (NWCM), Least Cost Method (LCM), and Vogel Approximation Method (VAM), which are the initial solution methods were examined to ascertain the ideal route of transporting commodities from production facilities to requirement destination while the optimal solution methods involve Stepping Stone Method (SSM), and Modified Distribution Method (MDM), that give the feasible solution which will enhance minimum transportation cost were also thoroughly defined. Subsequent research shall focus on application of the methods in relation to SDGs problems in comparison with other existing methods.Keywords
This publication has 3 references indexed in Scilit:
- Mathematics Applied to the Economy and Sustainable Development Goals: A Necessary Relationship of DependenceEducation Sciences, 2020
- An Expanded Optimal Control Policy for a Coupled Tanks System with Random DisturbanceAdvances in Pure Mathematics, 2019
- Modeling and Numerical Solution of a Cancer Therapy Optimal Control ProblemApplied Mathematics, 2018