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Management Control of Blood Through a Short-Term Supply-Demand Forecast System

Author

Listed:
  • George M. Frankfurter

    (Syracuse University)

  • Kenneth E. Kendall

    (State University of New York at Buffalo)

  • C. Carl Pegels

    (State University of New York at Buffalo)

Abstract

Design, development, implementation and operation of a short-term blood inventory level forecast system is described. The primary purpose of the forecast system is to alert blood center management to the short-term inventory level of blood supplies so that they can take corrective notion to either reduce or increase blood collections. A test is performed on the system, and it is demonstrated that, management took action to reduce collections in response to higher than necessary inventory levels and increased collections during a period when insufficient inventory levels were forecast.

Suggested Citation

  • George M. Frankfurter & Kenneth E. Kendall & C. Carl Pegels, 1974. "Management Control of Blood Through a Short-Term Supply-Demand Forecast System," Management Science, INFORMS, vol. 21(4), pages 444-452, December.
    • Handle: RePEc:inm:ormnsc:v:21:y:1974:i:4:p:444-452
    DOI: 10.1287/mnsc.21.4.444
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    Cited by:

    1. S. Dharmaraja & Srijan Narang & Vidyottama Jain, 2020. "A mathematical model for supply chain management of blood banks in India," OPSEARCH, Springer;Operational Research Society of India, vol. 57(2), pages 541-552, June.
    2. Lowalekar, Harshal & Ravi, R. Raghavendra, 2017. "Revolutionizing blood bank inventory management using the TOC thinking process: An Indian case study," International Journal of Production Economics, Elsevier, vol. 186(C), pages 89-122.
    3. McGoun, Elton G., 1997. "Ex ungue leonem," International Review of Financial Analysis, Elsevier, vol. 6(1), pages 1-12.
    4. Broyles, James R. & Cochran, Jeffery K. & Montgomery, Douglas C., 2010. "A statistical Markov chain approximation of transient hospital inpatient inventory," European Journal of Operational Research, Elsevier, vol. 207(3), pages 1645-1657, December.
    5. Beliën, Jeroen & Forcé, Hein, 2012. "Supply chain management of blood products: A literature review," European Journal of Operational Research, Elsevier, vol. 217(1), pages 1-16.

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