2022
DOI: 10.4018/ijkss.306258
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Determining (s, S) Inventory Policy for Healthcare System

Abstract: In this paper, an (s, S) policy is determined by using a simulation-optimization approach for a periodic review inventory system at a pharmacy department of a major hospital in Thailand. The simulation, which imitates the inventory system behavior, is constructed on a spreadsheet, while the cyclic coordinate method with a golden section search is adopted as the optimization algorithm. Solutions for the policy's parameters from the search algorithm are evaluated using the simulation, which features randomly gen… Show more

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Cited by 1 publication
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“…Nowadays, almost hospitals in Thailand have a central stockroom to control the medicine inventory that pharmacists manage. The order will be placed when the medicine inventory is below the reorder point, and a replenishment order is placed to take the inventory to the order-up-to-level (Pham et al, 2022).…”
Section: Review Of Related Literaturesmentioning
confidence: 99%
“…Nowadays, almost hospitals in Thailand have a central stockroom to control the medicine inventory that pharmacists manage. The order will be placed when the medicine inventory is below the reorder point, and a replenishment order is placed to take the inventory to the order-up-to-level (Pham et al, 2022).…”
Section: Review Of Related Literaturesmentioning
confidence: 99%