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Perishable Inventory Theory: A Review
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.
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Citations
Cited by
Recent trends in modeling of deteriorating inventory
Goyal, S. K., & Giri, B. C. (2001) · European Journal of Operational Research · doi:10.1016/s0377-2217(00)00248-4 · Cited by 1,323
Review of inventory systems with deterioration since 2001
Bakker, M., Riezebos, J., & Teunter, R. H. (2012) · European Journal of Operational Research · doi:10.1016/j.ejor.2012.03.004 · Cited by 637
Supply Chain Strategies for Perishable Products: The Case of Fresh Produce
Blackburn, J., & Scudder, G. (2009) · Production and Operations Management · doi:10.1111/j.1937-5956.2009.01016.x · Cited by 441
A dynamic product quality evaluation based pricing model for perishable food supply chains
Wang, X., & Li, D. (2012) · Omega · doi:10.1016/j.omega.2012.02.001 · Cited by 329
Literature review of deteriorating inventory models by key topics from 2012 to 2015
Janssen, L., Claus, T., & Sauer, J. (2016) · International Journal of Production Economics · doi:10.1016/j.ijpe.2016.08.019 · Cited by 299
Metadata
- Authors
- Nahmias, S.
- Venue
- Operations Research
- Published
- 1982-08
- Volume
- 30
- Issue
- 4
- Pages
- 680-708
- ISSN
- 0030-364X (ISSN-L)
- 1526-5463
- OpenAlex
- W2068656912
- Cited by
- 1,183
- References
- 0
- FWCI
- 14.86
- Type
- journal article
- Language
- en
- Open access
- closed
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- CoChat. (2026). Citation check: Perishable Inventory Theory: A Review. https://app.cochat.ai/papers/10.1287/opre.30.4.680
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- Nahmias, S. (1982). Perishable Inventory Theory: A Review. Operations Research. https://doi.org/10.1287/opre.30.4.680
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
