Perishable Inventory Theory: A Review

Nahmias, Steven
July 1982
Operations Research;Jul/Aug82, Vol. 30 Issue 4, p680
Academic Journal
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 suboptimal order policies are discussed. In addition, a brief review of the application of these models to blook 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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