Allocation of hospital capacity to multiple types of patients

Allocation of hospital capacity to multiple types of patients

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Article ID: iaor20108722
Volume: 9
Issue: 5
Start Page Number: 386
End Page Number: 398
Publication Date: Nov 2010
Journal: Journal of Revenue and Pricing Management
Authors: ,
Keywords: allocation: resources, programming: dynamic
Abstract:

Allocation of a limited capacity of resources among several customer types is a critical decision encountered by many manufacturing and service firms. We tackle this problem by focusing on a hospital setting and formulate a general model that is applicable to various resource allocation problems of a hospital. To this end, we consider a system with multiple customer classes that display different reactions to the delays in service. By adopting a dynamic‐programming approach, we show that the optimal policy for a system involving both lost sales and backorders is not simple but exhibits desirable monotonicity properties. Furthermore, we propose a simple threshold heuristic policy that performs well in our experiments.

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