Instead of an old work, can I cite a new work that shares an author and cites it? In my research field (operations research), several works have been published in the last couple of years by different authors that cover most of the recent developments in the field.
I’m writing a review paper and even though I read and used a couple of papers dated as far back as the 90s (mainly for my introduction and review), I want all references to be from 2010 or later.

I would like to write something like:


  Ref. 3 discussed branch &amp; bound and dynamic programming approaches for KP, MKP and some of its variants. 


Reference 3 is Kellerer, Pferschy, and Pisinger (2004).
Another paper, namely Puchinger, Raidl, and Pferschy (2010) shares one of its authors with Reference 3 and also cites it.

My question is: Instead of citing Reference 3 as it is, can I cite Puchinger, Raidl, and Pferschy (2010) because it is more recent?
I would recommend against this as it seems artificial. The year you give isn't some magic number and citing only recent work doesn't give you any advantage. 

But there is a deeper reason in this case, I think. Just because a new paper cites an older one doesn't mean that the newer one advances the older one in every relevant direction. Another way to think of it is that the ideas in the new paper don't actually "contain" all of the ideas in the older one. Someone wanting a good overview of the field - the purpose of a review article - will probably need to go see what those additional ideas are, but if you don't point to them their only pointer is indirect through the paper you do cite. This makes the serious reader's job harder. 

You seem to be giving an annotated bibliography, I see no reason to truncate it. The annotations, if well done, will help a reader decide whether to go to any given paper you include.