Articlediamond2010

A Review on Deteriorating Inventory Study

Ruxian Li · Hongjie Lan · John R. Mawhinney

173 citations0/0 files storedJournal of Service Science and Management

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Supply Chain and Inventory Management Sustainable Supply Chain Management Logistics and Transportation Systems

Abstract

To provide a comprehensive introduction about the deteriorating items inventory management research status, this paper reviews the recent studies in relevant fields. Compared with the extant reviews (Raafat 1991; S.K.Goyal 2001), this paper reviews the recent studies from a different perspective. First, this paper proposes some key factors which should be considered in the deteriorating inventory studies; then, from the perspective of study scope, the current literatures are distinguished into two categories: the studies based on an enterprise and those based on supply chain. Literatures in each category are reviewed according to the key factors mentioned above. The literature review framework in this paper provides a clear overview of the deteriorating inventory study field, which can be used as a starting point for further study.

Citations in this library

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References

2001Recent trends in modeling of deteriorating inventory 1991Survey of Literature on Continuously Deteriorating Inventory Models 2011Wiley encyclopedia of operations research and management science 1963A model for an exponentially decaying inventory 2005An optimal replenishment policy for non-instantaneous deteriorating items with stock-dependent demand and partial backlogging 1958The Theory of Inventory Management 2000An inventory model with deteriorating items under inflation when a delay in payment is permissible 1989An Inventory Model for Deteriorating Items and Stock-dependent Consumption Rate

Cited by

2014Integrating deterioration and lifetime constraints in production and supply chain planning: A survey 2013Perishable inventory management with dynamic pricing using time–temperature indicators linked to automatic detecting devices 2014A new inventory model for cold items that considers costs and emissions 2018State-of-the-art literature review on inventory models for perishable products 2013Coordinating price and service level decisions for a supply chain with deteriorating item under vendor managed inventory

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