Exact(2)
For instance, Roy and Maiti (1998) maximized profit and minimized wastage cost; while the demand was dependent on the inventory level, planning horizon was finite and shortage was allowed.
Vaccine wastage cost around Rs. 2700 during period of two years.
Similar(6)
Within this context, we derive analytic expressions to approximate patient waiting times and wastage costs, allowing management to see the tradeoff between these two metrics for different policies.
The Delphi panels also estimated a reduction in wastage costs with BUCCOLAM, due to its convenient and efficient mode of packaging (BUCCOLAM in four prefilled unit-dose syringes versus unlicensed buccal midazolam for which the most widely used presentation is a single 10 ml bottle with four syringes).
But instead of $0.20 per dose, their cost is $3.50 -- making wastage cost-prohibitive.
Our current methodology excludes wastage costs, but these will need to be considered by program planners as well.
When this demand is dealt with conventional 'sticks-and-bricks' approach, it leads to usual delays, wastages, cost overruns, and quality issues, etc.
To estimate these wastage's costs would have been extremely difficult.
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