Mitigating the impact of drug shortages for a healthcare facility: An inventory management approach
Type :
Article
Publication Status :
published
Access :
restrictedAccess
Abstract
Despite the importance and value of the pharmaceutical market, a significant portion of procurement spending including pharmaceuticals are lost. Coupling poor and reactive management practices with the inevitable national drug shortages, leads to lack of medicines causing patient suffering and direct life or death consequences. In this paper, we propose a stochastic model to find the optimal inventory policy for a healthcare facility to proactively minimize the effect of drug shortages in the presence of uncertain disruptions and demand.
Source :
European Journal of Operational Research
Date :
2016-05-16
Volume :
251
Issue :
1
Publisher :
Elsevier
URI
http://hdl.handle.net/10679/2676http://www.sciencedirect.com/science/article/pii/S0377221715010668
Collections
Share this page