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Tailored hospital supply chain for greater return on investment

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dc.contributor.advisor Christopher Caplice. en_US Jan, Paul Jenq-Haw en_US
dc.contributor.other Massachusetts Institute of Technology. Engineering Systems Division. en_US 2007-01-10T16:34:39Z 2007-01-10T16:34:39Z 2006 en_US 2006 en_US
dc.description Thesis (M. Eng. in Logistics)--Massachusetts Institute of Technology, Engineering Systems Division, 2006. en_US
dc.description Includes bibliographical references (leaves 97-97). en_US
dc.description.abstract The cost of healthcare has been increasing over the past several years. From 1997 to 2002, the average cost for hospital stays increased 24 percent. The increase in healthcare cost can be explained by malpractice law suits and also by the increase in the cost of medical supplies (26 percent increase from 2000 to 2002). Though the Automated Point of Use (APU) technology and the Vendor Managed Inventory (VMI) are helping hospitals reduce supply chain costs, this research seeks to understand whether the inventory policy exists with the APU-VMI model is optimal. To achieve an understanding of the behavior under the APU-VMI model, this research seeks to investigate the inventory cost as well as the average order quantity and the deviation of the order quantity, and the replenishment frequency for before and after the introduction of the APU-VMI model. Through this, this research seeks to recommend the optimal inventory policies that hospitals should couple with the APU-VMI model. This combination should enable hospitals to reduce supply costs, and increase the returns on the investment made in implementing the APU-VMI model. en_US
dc.description.statementofresponsibility by Paul Jenq-Haw Jan. en_US
dc.format.extent 97 leaves en_US
dc.format.extent 4967244 bytes
dc.format.extent 4972296 bytes
dc.format.mimetype application/pdf
dc.format.mimetype application/pdf
dc.language.iso eng en_US
dc.publisher Massachusetts Institute of Technology en_US
dc.rights M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission. en_US
dc.subject Engineering Systems Division. en_US
dc.title Tailored hospital supply chain for greater return on investment en_US
dc.type Thesis en_US Logistics en_US
dc.contributor.department Massachusetts Institute of Technology. Engineering Systems Division. en_US
dc.identifier.oclc 72814087 en_US

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