4.7 Article

Managing blood inventory with multiple independent sources of supply

Journal

EUROPEAN JOURNAL OF OPERATIONAL RESEARCH
Volume 259, Issue 2, Pages 500-511

Publisher

ELSEVIER
DOI: 10.1016/j.ejor.2016.11.005

Keywords

Inventory; Blood management; Perishable products; Dynamic programming; Stochastic supply

Ask authors/readers for more resources

This paper focuses on the management of red blood cells (RBCs) by a large medical center within a regional blood exchange network. We provide both a theoretical and managerial contribution to the periodic-review fixed lifetime perishable inventory literature by considering multiple independent sources of supply. One source supplies blood via a typical standing order process. The other sources are smaller lower usage hospitals that randomly transfer blood to the medical center. Transferred blood is characterized by a much shorter average lifetime than blood supplied via standing order and introduces additional uncertainty into the inventory management process. We propose a solution approach that can be readily applied in practice and solve the multi-period cost minimization problem using a dynamic program. We provide numerical examples and demonstrate that our solution approach outperforms a corresponding base stock policy as well as the ordering policy that was actually used by the medical center. (C) 2016 Elsevier B.V. All rights reserved.

Authors

I am an author on this paper
Click your name to claim this paper and add it to your profile.

Reviews

Primary Rating

4.7
Not enough ratings

Secondary Ratings

Novelty
-
Significance
-
Scientific rigor
-
Rate this paper

Recommended

No Data Available
No Data Available