The production and inventory management of blood products at blood banks and hospitals is a problem of general human interest. As a shortage may put lives at risk, shortages are to be kept to a minimum. As the supply is voluntary and costly, any spill of unused blood (products) is also to be minimized. Blood platelets (thrombocytes), which are the most expensive and perishable blood product, have the complication of a limited shelf life of only 5–7 days. A general figure in the Western world (the USA and Western Europe) for the spill of blood platelets is in the order of 15–20%. A combined new approach is therefore presented which combines stochastic dynamic programming (SDP) and simulation to provide: (i) Practical simple order-up-to rul...