Periodic Review Inventory Policy for Small Military Hospitals
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2000-12-01
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Edition:Master's Thesis
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Abstract:We report on potential transportation, administrative, and inventory savings through an extended partnership between military hospitals and commercial prime vendors. We develop a simulated (Q,f) inventory model that incorporates inventory management concepts of optimal reorder points and quantities, and then compare the results to a periodic order policy. We compare the policies with a simulation that considers the effects of integrating inventory management, shipping, and invoice processing with the Prime Vendor. Our results suggest that small military hospital may benefit from a periodic order policy.
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Main Document Checksum:urn:sha256:32e56ab340f28e6c339a7a8ce3a20c16922dcee5ce7ced04c0ecf4a35cc5f890
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