This paper presents a stochastic, periodic-review model used to control the medicine inventories in a university health centre. Features and formulation of the model are discussed in terms of the stockout objective and the budgetary constraint. Demand and cost data used for the three medicine groups are provided. Findings of the study are analysed within the framework of sensitivity analysis, where the expected shortage levels for the medicine groups studied are taken as the performance criteria.
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Şatır et al. (1987) studied this question.