TITLE:
Mathematical Methods Applied to Economy and Sustainable Development Goals
AUTHORS:
Temitayo Emmanuel Olaosebikan, Friday Ogoigbe Egbon, Kehinde Samuel Olayemi
KEYWORDS:
Transportation Problems, Modeling, Optimal Solution, Initial Solution, Sustainable Development Goals, Demand and Supply
JOURNAL NAME:
Open Journal of Modelling and Simulation,
Vol.10 No.3,
June
9,
2022
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.