Multiple asset replacement analysis under variable utilization and stochastic demand

DOI10.1016/S0377-2217(03)00397-7MaRDI QIDQ1876167zbMATH OpenFDO

Authors Joseph C. Hartman

Publication date 16 August 2004

Published in European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/S0377-2217(03)00397-7

zbMATH Keywords

Asset utilizationDynamic programmingReplacement (equipment)

Mathematics Subject Classification ID

Management decision making, including multiple objectives (90B50) Stochastic programming (90C15) Dynamic programming (90C39)

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Cites work

• A framework for replacement analysis
• A model for equipment replacement due to technological obsolescence
• Capacity expansion and equipment replacement: A unified approach
• Equipment Replacement Policy
• Equipment replacement under technological change
• scientific article; zbMATH DE number 3126094 (Why is no real title available?)
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• scientific article; zbMATH DE number 1423919 (Why is no real title available?)
• scientific article; zbMATH DE number 4197716 (Why is no real title available?)
• Parallel Replacement under Capital Rationing Constraints
• Planning Horizon Procedures for Machine Replacement Models
• Planning horizon procedures for machine replacement models with several possible replacement alternatives

Cited in

(8)

• Resource-constrained management of heterogeneous assets with stochastic deterioration
• Flexible lease contracts in the fleet replacement problem with alternative fuel vehicles: a real-options approach
• A risk management system for sustainable fleet replacement
• Optimal selection of obsolescence mitigation strategies using a restless bandit model
• Analysis of the asset replacement level with an uncertain salvage value: a two-factor model
• Operational asset replacement strategy: a real options approach
• Minimum cost in a mix of new and old reusable items: an application to sizing a fleet of delivery trucks
• The dynamics of asset lifetime under technological change

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