Inventory control optimisation: the dynamics of deterministic request model of pharmaceutical appropriation and storage

Adebayo Adedugba and Daniel Inegbedion

International Journal of Operational Research, 2025, vol. 54, issue 1, 33-50

Abstract: The paper presents a stock control constraint at a drug manufacturing facility in Lagos State, Nigeria. The echelon of the organisational inventory chain was evaluated. The study developed a two-situation deterministic stock model that is based on realistic assumptions and necessities within the inventory network in order to conceptualise the situation within the model. A single medicine item, build lead time, and a definite request are taken into account in the formulation. The contingent request is handled as a forecast for the item's sales and the optimisation between the recognised stock, the scheduled average stock level, and the reduction of stock-out situations are two mathematical functions. This was done in order to conclude the suggested mathematical formulation, which depends on a particular approach for selecting how to arrange the echelon. This is based on the paradigm of inventory and request. Therefore, optimality is achieved as a control mechanism.

Keywords: control; inventory chain; request; optimality; pharmaceutical organisation; models. (search for similar items in EconPapers)
Date: 2025
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