Managing Perishable Inventory

Abstract

Abstract This article provides an introduction to the management of perishable items. We first highlight some key differences between inventory models for nonperishable items and models for perishable ones. Next, several models for inventory management of perishable items are discussed. An important observation from this discussion is the need for finding effective heuristics for the optimal control of inventory for perishables. Therefore, we demonstrate the development of one such heuristic. The article ends with a list of future research directions on the management of inventory of perishables.

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