A Review on Deteriorating Inventory Study

Abstract

To provide a comprehensive introduction about the deteriorating items inventory management research status, this pa- per 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.