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WSC
2008
13 years 7 months ago
A simulation-based approach for inventory modeling of perishable pharmaceuticals
Pharmaceutical expenditures are increasing for hospital systems nationwide. We model the inventory and ordering policies for perishable drugs in the setting of an inpatient hospit...
Ana R. Vila-Parrish, Julie Simmons Ivy, Russell E....
EOR
2007
89views more  EOR 2007»
13 years 4 months ago
Note: An application of the EOQ model with nonlinear holding cost to inventory management of perishables
In this note, we consider a variation of the economic order quantity (EOQ) model where cumulative holding cost is a nonlinear function of time. This problem has been studied by We...
Mark Ferguson, Vaidy Jayaraman, Gilvan C. Souza
WSC
1997
13 years 6 months ago
Creating a Flexible, Simulation-Based Finite Scheduling Tool
Today's business climate for manufacturers requires low inventory, quick response systems that turn out a wide variety of products. Since many companies are reaching physical...
Barbara W. Mazziotti, Richard E. Horne Jr.