A Periodic Review Inventory Policy for Small Military Hospitals
NAVAL POSTGRADUATE SCHOOL MONTEREY CA
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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.
- Economics and Cost Analysis
- Government and Political Science
- Medical Facilities, Equipment and Supplies