Replacement decisions with maintenance under uncertainty: an imbedded optimal control model

dc.citation.epage794en_US
dc.citation.issueNumber5en_US
dc.citation.spage785en_US
dc.citation.volumeNumber52en_US
dc.contributor.authorDogramaci, A.en_US
dc.contributor.authorFraiman, N. M.en_US
dc.date.accessioned2016-02-08T10:26:09Z
dc.date.available2016-02-08T10:26:09Z
dc.date.issued2004en_US
dc.departmentDepartment of Industrial Engineeringen_US
dc.description.abstractHow 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.en_US
dc.identifier.doi10.1287/opre.1040.0133en_US
dc.identifier.eissn1526-5463
dc.identifier.issn0030-364X
dc.identifier.urihttp://hdl.handle.net/11693/24231
dc.language.isoEnglishen_US
dc.publisherInstitute for Operations Research and the Management Sciences (I N F O R M S)en_US
dc.relation.isversionofhttp://dx.doi.org/10.1287/opre.1040.0133en_US
dc.source.titleOperations Researchen_US
dc.subjectDynamic programming/optimal control: modelsen_US
dc.subjectFacilities/equipment planning: maintenance/replacementen_US
dc.subjectInventory/production policies: maintenance/replacementen_US
dc.subjectReliability: replacement/renewalen_US
dc.titleReplacement decisions with maintenance under uncertainty: an imbedded optimal control modelen_US
dc.typeArticleen_US

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