Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/14642
Title: Quick response healthcare apparel supply chains: Value of RFID and coordination
Authors: Chan, HL
Choi, TM 
Hui, CL
Ng, SF
Keywords: Quick response system (QRS)
Radio frequency identification (RFID) system
SC systems
Supply chain (SC) management
Issue Date: 2015
Publisher: Institute of Electrical and Electronics Engineers
Source: IEEE transactions on systems, man, and cybernetics. Systems, 2015, v. 45, no. 6, p. 887-900 How to cite?
Journal: IEEE transactions on systems, man, and cybernetics. Systems 
Abstract: Radio frequency identification (RFID) is an important tool for enhancing the performance of inventory management. Motivated by our real-world observations in local hospitals, we study the case where a hospital, which is using a bar-coding system, considers switching to an RFID system because the RFID technology can potentially enhance the hospital's inventory management under the quick response system (QRS). In order to examine the value of RFID, we develop a formal analytical Bayesian model for the information updating process. We derive the expected value of information of the RFID system, and reveal the conditions in which the RFID system outperforms the bar-coding system. In addition, we evaluate the impacts of the QRS toward the expected profit and level of risk of the hospital, the supplier, and the whole supply chain (SC) system. We further propose two policies to help achieve SC coordination. Numerical analyses are reported and important insights are generated.
URI: http://hdl.handle.net/10397/14642
ISSN: 2168-2216
EISSN: 2168-2232
DOI: 10.1109/TSMC.2014.2371891
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