ESTONIAN ACADEMY
PUBLISHERS
eesti teaduste
akadeemia kirjastus
PUBLISHED
SINCE 1952
 
Proceeding cover
proceedings
of the estonian academy of sciences
ISSN 1736-7530 (Electronic)
ISSN 1736-6046 (Print)
Impact Factor (2020): 1.045

A simulation study to determine the parameters of medicine inventory policy; pp. 376–382

Full article in PDF format | https://doi.org/10.3176/proc.2019.4.05

Authors
Lawrence Moh’d Al-Fandi, Aishah Abdullah Bin Obaid, Badreyah Ismaeil Alfailakawi, Hoor Ali Alsubaiei, Sarah Ali Khudhair

Abstract

Inventory management for the healthcare system is a very important issue as it is directly related to human lives. A medical warehouse in Kuwait was facing several challenges related to inventory management. Stock-out or overstock of some medications can occur occasionally. Simulation model using Arena was used to study the current inventory system. The model was modified to propose a new continuous review (s, S) control policy for efficient inventory system to fix monthly supply. Optimization problem was formulated using Arena OptQuest tool in order to determine the optimal parameters for the policy that would give high availability of medicines with the lowest total cost.


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