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        Developing a System Dynamic Model for Pharmacy Industry

        Nazli Akhlaghinia,Ali Rajabzadeh Ghatari,Abbas Moghbel,Ali Yazdian 대한산업공학회 2018 Industrial Engineeering & Management Systems Vol.17 No.4

        The pharma industry is beginning to realize the benefits of the internet of thing (IOT), especially through modularization,which is already in the detailed implementation and usage stage. pharmatical manufactures that implement IOTtechnologies can more easily meet requirements for serialization and have the opportunity to leverage intelligent datathat are already required in the pharmaceutical manufacturing environment. Using system dynamics model, this studyevaluate alternative IOT strategies through investment lens, to provide managers guidance for IOT decisions. In thispaper we propose a model of system dynamics for IOT in pharma industry. This study evaluates alternative IOT investmentstrategies to provide managers guidance for efficient decisions. This paper investigates the typical productionlogistic execution processes and adopts system dynamics to design cost-effective IoT solutions. The internal andexternal production logistic processes are first investigated separately. Using sensitivity analysis, the optimal IoT solutionsare evaluated and analyzed to provide guidance on IoT implementation. Internal and external production logisticprocesses are then combined into an integrated structure to offer a generic system dynamics approach.

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