Browsing by Subject "Facilities/equipment planning: maintenance/replacement"
Now showing 1 - 1 of 1
Results Per Page
Sort Options
Item Open Access Replacement decisions with maintenance under uncertainty: an imbedded optimal control model(Institute for Operations Research and the Management Sciences (I N F O R M S), 2004) Dogramaci, A.; Fraiman, N. M.How should a manager make replacement decisions for a chain of machines over time if each is maintained by an optimal control model addressing uncertainty of machine breakdowns? A network representation of the problem involves arcs with interdependent costs. A solution algorithm is presented and replacement considerations under technological change are incorporated into a well-known optimal control model for maintenance under uncertainty (that of Kamien and Schwartz 1971). The method is illustrated by an example.