Mathematics

Profile

Chaowalit is a PhD student in the Department of Mathematics at the University of Portsmouth and a member of the Logistics and Management Mathematics Group.

My research is focused on cooperation vendor and buyer in supply chains and also the net present value framework is applied in order to capture the impact interactions of time value money on Cash-flow in the system. In particular, a variety of coordination models in supply chains are considered with different independent actors, and identify to find the optimal result from the net present value perspective. Secondly, the aim is then also to specify how classic models can be corrected in order to arrive at models that do lead to solutions which are also optimal from the net present value framework. The research will then also lead to practical recommendations for firms on how to improve decision making in the supply chain whenever these inventory management problems present themselves. Ultimately, the research thus aims to contribute towards developing a new theory of inventory management in supply chains based on the general concept of net present value. Arguably, net present value analysis is one of the major principles in economic theory by which companies assess the value of project having a long duration and in- and outgoing cash-flows at different moments in time.