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Inventory Control System for a Healthcare Apparel Service Centre with Stockout Risk: A Case Analysis
Joint Authors
Source
Journal of Healthcare Engineering
Issue
Vol. 2017, Issue 2017 (31 Dec. 2017), pp.1-12, 12 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2017-11-19
Country of Publication
Egypt
No. of Pages
12
Main Subjects
Abstract EN
Based on the real-world inventory control problem of a capacitated healthcare apparel service centre in Hong Kong which provides tailor-made apparel-making services for the elderly and disabled people, this paper studies a partial backordered continuous review inventory control problem in which the product demand follows a Poisson process with a constant lead time.
The system is controlled by an (Q,r) inventory policy which incorporate the stockout risk, storage capacity, and partial backlog.
The healthcare apparel service centre, under the capacity constraint, aims to minimize the inventory cost and achieving a low stockout risk.
To address this challenge, an optimization problem is constructed.
A real case-based data analysis is conducted, and the result shows that the expected total cost on an order cycle is reduced substantially at around 20% with our proposed optimal inventory control policy.
An extensive sensitivity analysis is conducted to generate additional insights.
American Psychological Association (APA)
Pan, An& Hui, Chi-Leung. 2017. Inventory Control System for a Healthcare Apparel Service Centre with Stockout Risk: A Case Analysis. Journal of Healthcare Engineering،Vol. 2017, no. 2017, pp.1-12.
https://search.emarefa.net/detail/BIM-1181343
Modern Language Association (MLA)
Pan, An& Hui, Chi-Leung. Inventory Control System for a Healthcare Apparel Service Centre with Stockout Risk: A Case Analysis. Journal of Healthcare Engineering No. 2017 (2017), pp.1-12.
https://search.emarefa.net/detail/BIM-1181343
American Medical Association (AMA)
Pan, An& Hui, Chi-Leung. Inventory Control System for a Healthcare Apparel Service Centre with Stockout Risk: A Case Analysis. Journal of Healthcare Engineering. 2017. Vol. 2017, no. 2017, pp.1-12.
https://search.emarefa.net/detail/BIM-1181343
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1181343