Availability of good quality stock, in right quantity, at place and time cost is the essence inventory control, which turn mandatory for smooth functioning service delivery any health care facility. Various techniques are available based on cost, criticality other factors e.g., ABC analysis, VED ABC-VED matrix, FSN SDE analysis etc. Each technique has its own strength weakness applicability. Ec...

Inventory or material balance control is an important part of process control. In the literature, many rules have been proposed to help in designing such systems, but their justification is often unclear. The main contribution of this paper is to propose the more general local-consistency rule for evaluating inventory control systems. Consistency means that the steady-state mass balances (total...

A multi-item model of a production-inventory system incorporating deterioration, shortages and capacity/budge constraints is considered. An optimal control policy for the model is developed using linear quadratic (LQ) theory for the case of deterministic demands. The problem of controlling large-scale production-inventory facilities is also considered, and the interaction prediction method is u...