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State-of-the-art Literature Review on Inventory Models for Perishable Products by Vaibhav Chaudhary; Rakhee Kulshrestha; Srikanta Routroy is a Business, Management and Accounting article available to read on EtoBox.

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## Purpose The purpose of this paper is to review and analyze the perishable inventory models along various dimensions such as its evolution, scope, demand, shelf life, replenishment policy, modeling techniques and research gaps. ## Design/methodology/approach In total, 418 relevant and scholarly articles of various researchers and practitioners during 1990-2016 were reviewed. They were critically analyzed along author profile, nature of perishability, research contributions of different countries, publication along time, research methodologies adopted, etc. to draw fruitful conclusions. The future research for perishable inventory modeling was also discussed and suggested. ## Findings There are plethora of perishable inventory studies with divergent objectives and scope. Besides demand and perishable rate in perishable inventory models, other factors such as price discount, allow shortage or not, inflation, time value of money and so on were found to be combined to make it more realistic. The modeling of inventory systems with two or more perishable items is limited. The multi-echelon inventory with centralized decision and information sharing is acquiring lot of importance becaus

Who reads State-of-the-art Literature Review on Inventory Models for Perishable Products?

Author

Vaibhav Chaudhary; Rakhee Kulshrestha; Srikanta Routroy

Publisher

Emerald (MCB UP ); Emerald Group Publishing Ltd.; Emerald (ISSN 0972-7981)

Published

2018

Language

EN

Field

Business, Management and Accounting (Social Sciences)