Application and technique of inventory control theory in pharmaceutical sciences

V.K. Srivastava and Atma Nand

International Journal of Operational Research, 2023, vol. 47, issue 1, 109-123

Abstract: The pharmaceutical inventory product management poses a unique problem in the hospitals and pharmacy shops. The inventory control theory plays a significant part in a pharmacological business. For every business, the simple and intuitive interpretation of all the available stocks is important. The determination of the importance of a pharmaceutical drug item should also consider other considerations, such as how severely its unavailability would affect patients. All the drugs are associated with an expiry date, so it is necessary to keep minimal safety stocks of pharmaceuticals products. In this article, we have been suitably classified all available pharmaceutical models and discussed in detail. This article is an overall review of most of the available pharmaceuticals inventory literature.

Keywords: medicinal inventory; pharmacological inventory; inventory; perishable products; RFID technology. (search for similar items in EconPapers)
Date: 2023
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