Saedi, S.Kundakcıoğlu, Ömer ErhunHenry, A. C.2016-02-162016-02-162016-05-160377-2217http://hdl.handle.net/10679/2676https://doi.org/10.1016/j.ejor.2015.11.017Due to copyright restrictions, the access to the full text of this article is only available via subscription.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.enginfo:eu-repo/semantics/restrictedAccessArticle251110712300036947330001110.1016/j.ejor.2015.11.017HeuristicsInventory managementMarkov chainDrug shortagesOR in health services2-s2.0-84955190397