Journal of Shandong University (Health Sciences) ›› 2018, Vol. 56 ›› Issue (6): 83-86.doi: 10.6040/j.issn.1671-7554.0.2017.1272

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Economic order quantity model-based medicine purchasing and storing optimization

LI Xiaojing, SUN Qiang   

  1. School of Health Care Management, Shandong University;
    Key Laboratory of Health Economics and Policy Research (Shandong University), Jinan 250012, Shandong, China
  • Published:2022-09-27

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Abstract: Objective To optimize the medical purchasing process and cut down the cost of managing drugs by studying the cost and efficiency of standardized management of medicine purchasing and storing in a tertiary hospital. Methods Based on economic order quantity(EOQ)model, medical purchase information and financial data of the hospital, the optimum quantity Q0, length of order circle L and total cost of ten kinds of randomly selected medicines TC were compared with the actual ordering quantity, ordering circle and cost. Results Length of order circle of the 10 kinds of medicines was 14.6 weeks, much longer than the actual ordering circle(1-2 weeks). Q0 was higher than the actual ordering quantity, and the total management cost would be reduced if Q0 was used. Conclusion Ordering frequency, human resource cost and the cost of medicine management would be significantly reduced if EOQ model is introduced based on the actuality of the hospital.

Key words: Economic order quantity model, Medical purchase, Storage optimizing, Cost, Modernization management

CLC Number: 

  • R574
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