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An Inventory And Safety Stock Analysis Of Air Force Medical Service Pharmaceuticals, Blake Smith
An Inventory And Safety Stock Analysis Of Air Force Medical Service Pharmaceuticals, Blake Smith
Theses and Dissertations
A significant challenge facing the Air Force Medical Service (AFMS) Military Treatment Facilities (MTFs) is the perishability costs associated with its pharmaceutical stock. During a two year time period, the AFMS returned expired or nearly expired pharmaceuticals valued at over $23,000,000. In response to the waste represented by pharmaceutical perishability cost, this thesis analyzes the historical inventory management decisions of 173 MTF/pharmaceutical combinations and proposes an alternative inventory control policy to reduce perishability costs. Based on the critical nature of pharmaceuticals and importance of generating high patient satisfaction, the proposed alternative inventory control system was required to be cognizant of …