Discrete-continuous analysis of optimal equipment replacement

DOI10.1111/J.1475-3995.2009.00747.XMaRDI QIDQ3002544zbMATH OpenOpenAlexFDO

Authors Yuri Yatsenko, Natali Hritonenko

Publication date 20 May 2011

Published in International Transactions in Operational Research (Search for Journal in Brave)

Full work available at URL http://hdl.handle.net/2078.1/20723

zbMATH Keywords

continuous modelsdiscreteequipment clustering and splittingmachine lifetimeoptimizationvintage capital models

Mathematics Subject Classification ID

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

Recommendations

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• EQUIPMENT REPLACEMENT UNDER TECHNOLOGICAL ADVANCES
• Hybrid approach to the rational management of machine replacement
• Dynamic programming approaches for equipment replacement problems with continuous and discontinuous technological change

Cites work

• A model for parallel machine replacement with capacity expansion
• A paradox in equipment replacement under technological improvement
• A parallel machine replacement model
• Capacity expansion and equipment replacement: A unified approach
• scientific article; zbMATH DE number 1423919 (Why is no real title available?)
• Integral-functional equations for optimal renovation problems
• Maximum principle for Volterra integral equations with controlled delay time
• Minimal forecast horizons in equipment replacement models with multiple technologies and general switching costs
• Modeling and optimization of the lifetime of technologies
• Optimal equipment replacement without paradoxes: A continuous analysis
• Optimization of financial and energy structure of productive capital
• Optimization of the lifetime of capital equipment using integral models
• Planning Horizon Procedures for Machine Replacement Models
• Replacement and the rental value of capital equipment subject to obsolescence
• Replacement echoes in the vintage capital growth model
• The optimal lifetime of capital equipment
• Turnpike and optimal trajectories in integral dynamic models with endogeneous delay
• Volterra integral equations with unknown delay time

Cited in

(7)

• Hybrid approach to the rational management of machine replacement
• Fleet replacement under technological shocks
• Optimization of the lifetime of capital equipment using integral models
• Optimal equipment replacement without paradoxes: A continuous analysis
• Operational asset replacement strategy: a real options approach
• Managing the exploitation life of the mining machinery for an unlimited duration of time
• Dynamic programming approaches for equipment replacement problems with continuous and discontinuous technological change

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