Search
2 articles for “Deterministic Models”
-
Comparative Performance Study: Deterministic vs. Probabilistic Models in Retail Chains
Abstract: The finished goods, raw materials, and product stock that a business has on hand for sale are referred to as inventory. They enable the companies to achieve their sales levels and are a chance to cost control and decision making. It is a huge asset to a manufacturing firm. Inventory model permits forecasting of quantities of raw material, inventory and spare parts of the equipment to a very high level …
Published in Recent Trends in Mathematics · Vol. 2, Issue 1, 2025 · pp. 1–6 Read article
-
Mathematical Modeling of Epidemics Using Stochastic Differential Equations: A Review
Abstract: The accurate modeling of infectious disease dynamics is crucial for predicting outbreaks and informing public health interventions. While deterministic models such as the SIR (Susceptible-Infected-Recovered) framework have traditionally been used to understand disease transmission, they often fail to account for the randomness inherent in real-world scenarios. Disease spread is influenced by numerous uncertain factors, including individual behavioral changes, environmental fluctuations, and imperfect data reporting. These uncertainties can significantly impact model …
Published in Recent Trends in Mathematics · Vol. 1, Issue 2, 2024 · pp. 1–6 Read article