Abstract

A REVIEW OF THE FIXED LIFETIME INVENTORY SYSTEM

O. Izevbizua and S.E. Omosigho.

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Abstract This paper reviews the literature on the fixed lifetime inventory system. Relevant aspect of the fixed lifetime inventory system such as outdating, shortages, issuing policy etc are considered. Our review will consider both past and current works on the fixed lifetime inventory system and cover research works up till 2015. Keywords: inventory, lifetime, outdating, shortage, issuing policy.

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