Perishable Inventory Theory: A Review

Steven Nahmias
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Steven Nahmias: The University of Santa Clara, Santa Clara, California

Operations Research, 1982, vol. 30, issue 4, 680-708

Abstract: This paper reviews the relevant literature on the problem of determining suitable ordering policies for both fixed life perishable inventory, and inventory subject to continuous exponential decay. We consider both deterministic and stochastic demand for single and multiple products. Both optimal and sub-optimal order policies are discussed. In addition, a brief review of the application of these models to blood bank management is included. The review concludes with a discussion of some of the interesting open research questions in the area.

Keywords: 331 inventory production; 347 inventory/production: perishable items (search for similar items in EconPapers)
Date: 1982
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Citations: View citations in EconPapers (215)

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Persistent link: https://EconPapers.repec.org/RePEc:inm:oropre:v:30:y:1982:i:4:p:680-708

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