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Mitigating the impact of drug shortages for a healthcare facility: An inventory management approach
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 ...
A mathematical model for perishable products with price- and displayed-stock-dependent demand
We introduce an economic order quantity model that incorporates product assortment, pricing and space-allocation decisions for a group of perishable products. The goal is to maximize the retailer’s profit under shelf-space ...
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