Inventory Models for Imperfect Quality Items: A Two-Decade Review

In recent times, the subject of imperfect quality items has received significant consideration from various researchers and supply chain members. There is not a single field of business that has not been affected by the imperfect quality items. In today’s competitive world, the management of imperfect items is the need of the hour for doing good business. In this paper, an extensive literature review is presented, based on the papers that considered the effect of imperfect quality items in inventory replenishment or production models. The analysis is based on 70 papers, which are sorted after a detailed study of 640 papers collected through the Scopus database. The findings and observations give state-of-the-art insights to scientists and business professionals. The present study discusses the major works in the field of inventory modeling driven by imperfect quality items starting from 2000 to 2020 (08 March 2020).