2017 IEEE 19th Conference on Business Informatics (CBI) 2017
DOI: 10.1109/cbi.2017.18
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An Estimation Model for Hypertension Drug Demand in Retail Pharmacies with the Aid of Big Data Analytics

Abstract: Abstract-The unpredictability of consumer preference observed in the last few years has coincided with the global digital data explosion as consumers are increasingly relying on internet information to guide their buying behaviour. The emergence of this trend has resulted in demand volatility and uncertainty in the retail industry, leading to negative consequences on inventory control and on shareholder profits in the long-run. This paper examines whether retail pharmacies in Abuja, Nigeria may exploit the inc… Show more

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Cited by 3 publications
(2 citation statements)
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“…As pharmacists make decisions about medication therapies, the CDSS provides alerts and recommendations, ensuring adherence to best practices and minimizing the risk of adverse events. 32 Pharmacies, equipped with these digital health initiatives, can play a pivotal role in preventive care and health promotion. By analyzing population-level data, pharmacists can identify health trends, implement targeted interventions, and contribute to public health initiatives.…”
Section: Data Analytics and Population Health Managementmentioning
confidence: 99%
“…As pharmacists make decisions about medication therapies, the CDSS provides alerts and recommendations, ensuring adherence to best practices and minimizing the risk of adverse events. 32 Pharmacies, equipped with these digital health initiatives, can play a pivotal role in preventive care and health promotion. By analyzing population-level data, pharmacists can identify health trends, implement targeted interventions, and contribute to public health initiatives.…”
Section: Data Analytics and Population Health Managementmentioning
confidence: 99%
“…However, pharmaceutical managers these days desire to modify and improve their current marketing communication and implement the brand-building strategies to achieve competitive advantage (Sanyal et al , 2017). Over the past few years, unpredictability of customer preferences and their buying behavior have coincided with the explosion of global digital data (Papanagnou and Matthews-Amune, 2017). On the other hand, one of the major problems of pharmaceutical companies is the optimization of order quantity, stock and inventory levels to decrease the possibility of customer loss because of drug shortage and to prevent the cost of excessive inventories.…”
Section: Introductionmentioning
confidence: 99%