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

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Frontier and Future Development of Information Technology in Medicine and Education

Part of the book series: Lecture Notes in Electrical Engineering ((LNEE,volume 269))

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Abstract

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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Correspondence to Wei Yan .

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© 2014 Springer Science+Business Media Dordrecht

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Yan, W., Jiang, Y., Duan, H. (2014). The Optimal Medical Device Order Strategy: An Improved EOQ Model in Hospital. In: Li, S., Jin, Q., Jiang, X., Park, J. (eds) Frontier and Future Development of Information Technology in Medicine and Education. Lecture Notes in Electrical Engineering, vol 269. Springer, Dordrecht. https://doi.org/10.1007/978-94-007-7618-0_156

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  • DOI: https://doi.org/10.1007/978-94-007-7618-0_156

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  • Publisher Name: Springer, Dordrecht

  • Print ISBN: 978-94-007-7617-3

  • Online ISBN: 978-94-007-7618-0

  • eBook Packages: EngineeringEngineering (R0)

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