Open Journal of Modelling and Simulation

Volume 10, Issue 3 (July 2022)

ISSN Print: 2327-4018   ISSN Online: 2327-4026

Google-based Impact Factor: 2.79  Citations  

Mathematical Methods Applied to Economy and Sustainable Development Goals

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DOI: 10.4236/ojmsi.2022.103015    405 Downloads   7,344 Views  Citations

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.

Share and Cite:

Olaosebikan, T. , Egbon, F. and Olayemi, K. (2022) Mathematical Methods Applied to Economy and Sustainable Development Goals. Open Journal of Modelling and Simulation, 10, 283-291. doi: 10.4236/ojmsi.2022.103015.
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