Research Will Help Create a Better Forecasting Methodology for Global Health Products
Zaragoza, SPAIN – March 13, 2009 – The MIT-Zaragoza International
Logistics program at the Zaragoza Logistics Center has received a Grant of US$492,857.00 from the Bill & Melinda Gates Foundation to study the most effective way to estimate the demand for global health products. The study results could have a profound impact on the planning and quantification processes used in global health programs and would also help create a healthy supply market for these products.
Better demand forecasts are known to result in decreased prices, fewer stock-outs, and enhanced uptake for new global health technologies. Under this 18-month study, researchers at the Zaragoza Logistics Center will work with Center for Transportation & Logistics (CTL) researchers at MIT as well as experts in several other universities to develop new ways of collecting data that are crucial for demand forecasting.
“This study will have a significant positive impact on many people’s lives worldwide,” says Professor