The late 1970s to early 1980s mark a shift toward inflation-aware inventory models, embedding inflation indexing into order quantity decisions and showing how rising prices reshape traditional EOQ-like policies. Researchers expanded focus to joint control of pricing and replenishment, including models for decaying inventory and perishability that blur the line between pricing and stock decisions. Analytic progress included practical approximations for (s,S) policies under periodic review, providing near-optimal rules that managers can implement with modest computational effort. Historical Significance: These developments unify inflation effects with inventory control, pricing, and stock renewal under operational constraints such as decay and repair rates. The period yields foundational ideas for integrated pricing and inventory management, and for tractable policy tools that bridge theory and practice. The resulting paradigm catalyzed subsequent work on inflation-aware optimization and dynamic revenue-inventory interactions.