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The Optimal Medical Device Order Strategy: An Improved EOQ Model In Hospital

W. Yan, Yong Jiang, Huimin Duan
Published 2014 · Medicine

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Objective: To minimize total stock cost, we make an optimal strategy by which we can submit an appropriate order sheet. Methods: According to the properties of medical consumables,we list three strategy models: multi-variety in deterministic demand, solo variety in indeterminate demand and multi-variety in indeterminate demand.What’s more,we use improved EOQ model to calculate optimal order period and quantities. Results: We give some formulas which comprise all stock cost parameters.If these costs were confirmed,we can calculate an appropriate order sheet. Conclusion: A case has been shown to illustrate the method of our order strategy.
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