Dogramaci, A.Fraiman, N. M.2016-02-082016-02-0820040030-364Xhttp://hdl.handle.net/11693/24231How 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.EnglishDynamic programming/optimal control: modelsFacilities/equipment planning: maintenance/replacementInventory/production policies: maintenance/replacementReliability: replacement/renewalArticle10.1287/opre.1040.01331526-5463