Government strategies to secure the supply of medical products in pandemic times

Ramzi Hammami, Sinan Salman, Moutaz Khouja, Imen Nouira and Suzan Alaswad

European Journal of Operational Research, 2023, vol. 306, issue 3, 1364-1387

Abstract: We investigate how to secure reliable access to personal protective equipment (PPE) in pandemics, which are characterized by random occurrences and durations, at the lowest expected cost. The policymaker’s strategy is based on a mix of (1) holding ready-to-use strategic stockpile that is acquired at regular price but incurs a holding cost, (2) building partnership with PPE manufacturers to relocate offshore production locally, which guarantees some local supply but requires offering subsidies, and (3) buying PPE from the spot market, which is characterized by long supply lead times and high prices.

Keywords: OR in government; Pandemics; Health-care products supply; Strategic stockpile; Onshore vs. offshore (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:306:y:2023:i:3:p:1364-1387

DOI: 10.1016/j.ejor.2022.07.007

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