A discounted machine-replacement model with an expected future technological breakthrough

DOI10.1002/1520-6750(198804)35:2%3C209::AID-NAV3220350206%3E3.0.CO;2-3MaRDI QIDQ3780730zbMATH OpenOpenAlexFDO

Authors Zvi Goldstein, Shaul P. Ladany, Abraham Mehrez

Publication date 1988

Full work available at URL https://doi.org/10.1002/1520-6750(198804)35:2%3C209::aid-nav3220350206%3E3.0.co;2-3

zbMATH Keywords

hierarchical planningsingle-stage manufacturing systemmachine-replacementpurchasing, operating, and resale costs

Mathematics Subject Classification ID

Reliability, availability, maintenance, inspection in operations research (90B25)

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Cited in

(9)

• Capacity planning with technology replacement by stochastic dynamic programming
• Optimal selection of obsolescence mitigation strategies using a restless bandit model
• A concave cost multimachine replacement problem with an expected breakthrough.
• A concave cost stochastic replacement problem.
• A discrete maintenance and replacement model under technological breakthrough expectations
• A model for equipment replacement due to technological obsolescence
• Maintenance optimal control three-machine replacement model under technological breakthrough expectations
• Myopia and \(R\& D\)/production complementarities
• A finite horizon dynamic programming model for production and repair decisions

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