Deterministic Model For Blood Bank Inventory Control With Increasing Demand And Logistic Considerations Using Multi-Objective Optimization

This paper presents a deterministic model for the inventory control of blood bank storage systems, accounting for item deterioration with increasing demand, and the effects of inbound and outbound logistics, ramp time demand, and inflation. The inventory level in the blood bank at any time t, denoted , is managed under a fixed capacity δw​ using multi-objective optimization with changing the rate of level. The model permits stock-outs, which are partially deferred, and incorporates a variable rate of deterioration. This paper discusses the mathematical modeling of blood consumption rates and replenishment points in blood bank storage. The differential equation for the rate of change in , over time is solved using MATLAB.