Medicines can be considered the most widely used medical expenditures in hospitals. To reduce the medicines expenses in the hospital, the term of inventory control is applied. Medicines must be controlled by considering the expiry dates and the probabilistic demand from the customers. Therefore, it is necessary to develop an inventory model that can be suitable to control medicines by minimizing the expired medicines, total inventory costs, and dealing with unpredictable demand. The purpose of this research is to develop an inventory model for determining optimum replenishment time and order quantities and space requirements for multi-item medicines with consideration of expiry dates of the medicines and all medicines are being purchased in a single purchase order so that the total inventory costs in hospitals can be minimized. The result is that the proposed inventory model results in optimum space requirements and the lowest inventory costs. Therefore, hospitals must order medicines based on the optimum order quantity.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.