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Recent trends in modeling of deteriorating inventory. (English) Zbl 0978.90004
Summary: This paper presents a review of the advances of deteriorating inventory literature since the early 1990s. The models available in the relevant literature have been suitably classified by the shelf-life characteristic of the inventoried goods. They have further been sub-classified on the basis of demand variations and various other conditions or constraints. The motivations, extensions and generalizations of various models in each sub-class have been discussed in brief to bring out pertinent information regarding model developments in the last decade. 130 references are listed.

MSC:
90B05 Inventory, storage, reservoirs
90-02 Research exposition (monographs, survey articles) pertaining to operations research and mathematical programming
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