Abstract

Inventory management is receiving increased emphasis in a variety of organizations. One important area is inventory that is subject to emergency demand situations. A hospital materials manager, for example, must establish efficient inventory system policies for normal operating conditions that also ensure the hospital's ability to meet emergency demand conditions.A simulation model of a hospital inventory system was developed to determine the relative significance of several common inventory system variations on a hospital's ability to operate successfully under normal and emergency demand conditions. Results of the simulation reveal that review frequency plays a major role in the success of operations under shock demand conditions. The simulation also suggests that generalizing from the results of an inventory system under normal conditions to expected results under shock conditions is inappropriate. Several common assumptions flowing from these generalizations were challenged by the results of the study.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.