IE-OPIM Joint Graduate Seminar
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IE-OPIM Joint Graduate Seminar: Erhun Kundakçıoğlu (Özyeğin University)

 Mitigating the Impact of Drug Shortages for a Healthcare Facility: An Inventory Management Approach

Date: Wednesday, December 2, 2015
Time: 13:40 – 14:30
Location: FENS G035

Abstract: Despite the importance and value of the pharmaceutical market, a significant portion of procurement spending including pharmaceuticals are lost. Coupling poor and reactive management practices with the inevitable national drug shortages, leads to lack of medicines causing patient suffering and direct life or death consequences. In this study, we propose two stochastic models to find the optimal inventory policies for a healthcare facility to proactively minimize the effect of drug shortages in the presence of uncertain disruptions and demand.

Bio: Dr. Erhun Kundakçıoğlu received his B.S. (2002) from Bilkent University and M.S. (2004) from Sabancı University both in Industrial Engineering, and Ph.D. (2009) from University of Florida in Industrial and Systems Engineering with minor in Computer and Information Science and Engineering. From September 2009 to August 2013, he was an Assistant Professor of Industrial Engineering in Cullen College of Engineering at the University of Houston. Dr. Kundakçıoğlu joined the Department of Industrial Engineering at Özyeğin University in September 2013. Dr. Kundakçıoğlu’s research interests are in combinatorial optimization and decision making under uncertainty. He is particularly interested in large-scale optimization and data mining applications in healthcare analytics and sustainable energy systems.