Perishable inventory theory: a review.

S Nahmias

doi:10.1287/opre.30.4.680

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PubMed · 10298625

Perishable inventory theory: a review.

S Nahmias

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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 suboptimal 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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Blood Banks Blood Preservation Humans Inventories, Hospital Materials Management, Hospital Models, Theoretical Stochastic Processes Journal Article Research Support, Non-U.S. Gov't Review

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S Nahmias. Perishable inventory theory: a review.. https://doi.org/10.1287/opre.30.4.680

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