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Calculation of Reorder Point Level under Stochastic Parameters: A Case Study in Healthcare Area
Abstract:We consider a single-echelon, single-item inventory system where both demand and lead-time are stochastic. Continuous review policy is used to control the inventory system. The objective is to calculate the reorder point level under stochastic parameters. A case study is presented in Neonatal Intensive Care Unit.
Digital Object Identifier (DOI): doi.org/10.5281/zenodo.1072854Procedia APA BibTeX Chicago EndNote Harvard JSON MLA RIS XML ISO 690 PDF Downloads 3057
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