Inventory management strategies for mitigating unfolding epidemics

Paul, Siddhartha; Venkateswaran, Jayendran

doi:10.1080/24725579.2017.1418768

Cited by 10 publications

(8 citation statements)

References 19 publications

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“…Mapping of the disease outbreak with the downfall in economy was done, to assess the losses various economic models were formulated which includes partial equilibrium and input-output analysis. Paul et al (2018) developed framework which consolidates the need of medicines in the times of pandemic outbreak and development of its inventory level responding to the levels of disease susceptibility. These forecasting models analysed disease infection rates, and accordingly inventory levels of medicines and their safe stocks levels can be built up, which reduces the inventory cost and is able to exercise better inventory control in pandemics times.…”

Section: Literature Reviewmentioning

confidence: 99%

Exploration of COVID-19 impact on the dimensions of food safety and security: a perspective of societal issues with relief measures

Sharma

Tyagi

Bhardwaj

2021

JADEE

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PurposeOutbreak of the COVID-19 pandemic has created the catastrophic situation, it has crippled all the economic activities and seized off the operations of food supply chain (FSC). Disrupted FSC escalated the societal concerns related to food safety and security. The purpose of this study is to consolidate various issues, exploring the perspectives associated with the agricultural practices, food industries and society concerns related with the FSC performance system dynamics amid of COVID-19 pandemic.Design/methodology/approachTo structure this work, a detailed research literature insight focussing on the key findings associated with the past disease outbreaks like influenza, avian flu, Ebola, bird flu, SARS, foot and mouth disease and ongoing phase of COVID-19, encompassing the perspective related with various agricultural and concerned supply chain practices is clustered. Furthermore, issues having relevancy with the notion of this work, sourced from platforms of print and electronic media have been incorporated to ground the reality associated with the impacts, for better visualisation of the perspectives.FindingsThis study outlays the key findings which are relevant with the past pandemic outbreaks from the core of the research literature. It details the impact of the current COVID-19 scenario on the various FSC operations, focussing on dimensions allied with the industry, economic and society concerns. For the same, to mitigate the effects, relief measures focussing on the short- and long-term perspectives have been incorporated. Steps ramped up by the Government of India (GOI) to safeguard masses from the threat of food security, accelerate pace of the FSC operations and upscale operating capacities of the industries and agriculture practices have incorporated.Research limitations/implicationsPresented work is persuaded amid of the COVID-19 lockdown restrictions hence it outlays the theoretical perspectives only. But, these perspectives portray the ongoing scenario's impacts, extending its implication to the people coming from the industry and academia background. This study can felicitate the government bodies to make them familiar with the various impacts which indented the FSCs, food industries and added woes to the society concerns.Originality/valueIndia is the second largest populated nation of the world, and outspread of the COVID-19 has capsized the FSCs and raised the various instances, making population vulnerable to the threats of food insecurity. This study encompasses effect of the FSC disruption by incorporating its effect on the food industries practices, societal issues and extending possible relief measures to restructure the FSC dynamics. As of now, study focussing on the Indian FSC concerns, detailing of impacts due to pandemic outbreak, relief measures to sail out of the hard times are not available.

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Section: Literature Reviewmentioning

confidence: 99%

Exploration of COVID-19 impact on the dimensions of food safety and security: a perspective of societal issues with relief measures

Sharma

Tyagi

Bhardwaj

2021

JADEE

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“…Paul et al [26] proposed a generic framework for pharmaceutical inventory management, consisting of hospital, forecasting, and inventory management modules. The disease spread forecasting model is shown to be superior to naïve policies in terms of mitigating infections and saving inventory.…”

Section: Literature Reviewmentioning

confidence: 99%

“…The demand forecasting model uses the infectious disease model described in Section 4.2.2. A study by Paul et al [26] on the inventory management of pharmaceuticals using an infectious disease model is presented. We develop the inventory management method of based on the study by Paul et al [26].…”

Section: Pharmaceutical Inventory Managementmentioning

confidence: 99%

Evolutionary-Game-Theory-Based Epidemiological Model for Prediction of Infections with Application to Demand Forecasting in Pharmaceutical Inventory Management Problems

Nishihata,

Liu,

Nishi

2023

Applied Sciences

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Pharmaceuticals play a critical role in the eradication of infectious diseases. Effective pharmaceutical inventory management is important for controlling epidemics since medical resources such as pharmaceuticals, medical staff, and hospitals are limited. In this study, a novel epidemiological model is proposed to evaluate the resource requirements for pharmaceuticals and is applied to analyze different pharmaceutical inventory management strategies. We formulate the relationship between the number of infected individuals and the risk of infection to account for virus mutation. Evolutionary game theory is integrated into an epidemiological model to represent human behavioral choices. The proposed model can be developed to forecast the demand for pharmaceuticals and analyze how human behavior affects the demand of pharmaceuticals. This study found that making people aware of the risk of disease has a positive impact on both reducing the number of infections and managing the pharmaceutical inventory. The main contribution of this study is to enhance areas of research in pharmaceutical inventory management. This study revealed that the correct recognition of the risk of disease leads to appropriate pharmaceutical management. There are a few studies on the application of infectious disease models to inventory control problems. This study provides clues toward proper pharmaceutical management.

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“…For slowing down the disease transmission, policy adjustments are made and logistics activities are improved to provide necessary medical resources and treatments. Operations Research (OR) plays a crucial role in controlling pandemics and epidemics by improving the logistics operations such as facility location (Lee et al, 2006(Lee et al, , 2009Büyüktahtakın et al, 2018;Yang et al, 2021;Li et al, 2021), vehicle routing (Gamchi et al, 2021), inventory management (Hashikura and Kizu, 2009;Adida et al, 2011;Paul and Venkateswaran, 2018) and resource allocation. Disease spread is also modeled through networks aiming to minimize the contamination (Ventresca and Aleman, 2014;Nandi and Medal, 2016).…”

Section: Or In Infectious Disease Managementmentioning

confidence: 99%

Fair allocation of personal protective equipment to health centers during early phases of a pandemic

Dönmez

Turhan

Karsu

et al. 2022

Computers & Operations Research

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Inventory management strategies for mitigating unfolding epidemics

Cited by 10 publications

References 19 publications

Exploration of COVID-19 impact on the dimensions of food safety and security: a perspective of societal issues with relief measures

Exploration of COVID-19 impact on the dimensions of food safety and security: a perspective of societal issues with relief measures

Evolutionary-Game-Theory-Based Epidemiological Model for Prediction of Infections with Application to Demand Forecasting in Pharmaceutical Inventory Management Problems

Fair allocation of personal protective equipment to health centers during early phases of a pandemic

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