A Periodic Review Inventory Policy for Small Military Hospitals

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,r) 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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Document Details

Document Type
Technical Report
Publication Date
Dec 01, 2000
Accession Number
ADA386924

Entities

People

  • Christopher T. Meyer

Organizations

  • Naval Postgraduate School

Tags

Communities of Interest

  • Biomedical

DTIC Thesaurus Topics

  • Control Systems
  • Department Of Defense
  • Health Care
  • Health Services
  • Hospitals
  • Inventory
  • Logistics
  • Military Hospitals
  • Monte Carlo Method
  • Personnel Management
  • Procurement
  • Shipping
  • Simulations
  • Supply Chain
  • Supply Chain Management
  • Systems Management
  • Therapy

Readers

  • Government Contracting/Procurement.
  • Logistics and Supply Chain Management.
  • Medical or Health Care Field.