An inventory model for optimizing purchasing of intravenous fluids for hospitals: a case study.
This paper deals with determining the optimal level of purchase of intravenous fluids for hospitals by utilizing inventory control concepts. Using the conceptual framework of the economic order quantity (EOQ) model, the hospital administrators can elicit the efficient materials management, thus reducing both the space and capital requirements without compromising the quality of services rendered.
Kwak
N K
NK
Saint Louis University, Missouri 63108.
Durbin
E
E
Stanley
D
D
D003365:Costs and Cost Analysis; D003625:Data Collection / Q000379:methods; D006744:Hospital Bed Capacity, 100 to 299; D006776:Hospitals, Pediatric / Q000458:organization & administration; D006784:Hospitals, Teaching / Q000458:organization & administration; D007262:Infusions, Intravenous / Q000191:economics; D007445:Inventories, Hospital / Q000379:methods*; D008923:Missouri; D008962:Models, Theoretical; D011682:Purchasing, Hospital / Q000458:organization & administration*