On perishable inventory in healthcare : random expiration dates and age discriminated demand

Dalalah, Doraid and Ojiako, Udechukwu and Chipulu, Maxwell (2022) On perishable inventory in healthcare : random expiration dates and age discriminated demand. Journal of Simulation, 16 (5). pp. 458-479. ISSN 1747-7786 (https://doi.org/10.1080/17477778.2020.1851614)

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Abstract

The aim of the study is to explore how best to mitigate against inventory volatility in perishable inventory, which is characterized by random premature expiration, random demand, irregular supply, age differentiated demand and custom replenishment guidelines. Through the adoption of simulation-optimization along with new settings and replenishment policies, the optimized quantity level of daily orders could be determined for this combination of inventory restrictions. Owed to their custom medical compatibility guidelines, and their notable accelerated expiration, blood platelets were considered here. As study outcome, the emergent model presents a perspective of supply chains and their healthcare imperatives that will enable healthcare supply chain managers not only to discern, but also to interpret and facilitate the management and implementation of optimal inventories.

  • Item type:Article
    ID code:88069
    Dates:
    Date
    Event
    30 September 2022
    Published
    21 December 2020
    Published Online
    10 November 2020
    Accepted
    22 October 2019
    Submitted
    Notes:Copyright © 2020 Taylor & Francis. This is an Accepted Manuscript of an article published by Taylor & Francis in the Journal of Simulation on 21 December 2020, available at: http://www.tandfonline.com/10.1080/17477778.2020.1851614.
    Subjects:Medicine > Medicine (General)
    Science > Mathematics
    Department:Faculty of Engineering > Design, Manufacture and Engineering Management
    Depositing user: Pure Administrator
    Date deposited:05 Feb 2024 10:01
    Last modified:29 Apr 2024 06:00
    Related URLs:
    URI:https://strathprints.strath.ac.uk/id/eprint/88069
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