A Discrete Maintenance and Replacement Model under Technological Breakthrough Expectations

Keywords

Profitability index, Computer science, Theory of computation, Mathematical optimization, Profit (economics)

References

• Christmas Toy Manufacturer's Problem: An Application of the Stochastic Maximum PrincipleSuresh Sethi, Gerald L. Thompson — 1977
• Optimal Control Theory: Applications to Management Science and EconomicsSuresh Sethi — 2000
• A real-time solution for preventive and repair maintenanceCheryl Gaimon, Gerald L. Thompson — 1989
• A mixed optimization technique for the generalized machine replacement problemSuresh Sethi, Thomas E. Morton — 1972
• Multiple Machine Replacement Within an Integrated System FrameworkLawrence C. Leung, J. M. A. Tanchoco — 1986
• MARKOVIAN DETERIORATION AND TECHNOLOGICAL CHANGEWallace J. Hopp, Suresh K. Nair — 1994
• A discounted machine-replacement model with an expected future technological breakthroughT. Goldstein, Shaul P. Ladany, Abraham Mehrez — 1988
• Maintenance optimal control three-machine replacement model under technological breakthrough expectationsA. Mahrez, N. Berman — 1994
• Optimal control theory : applications to management scienceWilliam W. Davis, Suresh Sethi, Gerald L. Thompson — 1984
• A note on the analysis of the expected value of perfect information with respect to a class of R&D projectsAbraham Mehrez — 1985
• Optimal Maintenance and Sale Age for a Machine Subject to FailureMorton I. Kamien, Nancy L. Schwartz — 1971
• A survey of maintenance models: The control and surveillance of deteriorating systemsWilliam P. Pierskalla, John A. Voelker — 1976
• Capacity Expansion and Replacement in Growing Markets with Uncertain Technological BreakthroughsSampath Rajagopalan, Medini R. Singh, Thomas E. Morton — 1998
• A model for equipment replacement due to technological obsolescenceSuresh K. Nair, Wallace J. Hopp — 1992
• Optimal Maintenance Policy and Sale Date of a MachineGerald L. Thompson — 1968
• Mathematical Theory of ReliabilityMarvin Zelen, Richard E. Barlow, Frank Proschan — 1965
• Mathematical Theory of ReliabilityA. P. Basu, Richard E. Barlow, Frank Proschan — 1966
• Dynamic Version of the Economic Lot Size ModelHarvey M. Wagner, T. M. Whitin — 1958

Cited by

• Replacement Decisions with Maintenance Under Uncertainty: An Imbedded Optimal Control ModelAli Dogramaci, Nelson M. Fraiman — 2004
• Fleet replacement under technological shocksNatali Hritonenko, Yuri Yatsenko — 2012
• On the upgrading policy after the redesign of a component for reliability improvementK.B. Öner, Gudrun P. Kiesmüller, Geert‐Jan van Houtum — 2015
• Integrating equipment investment strategy with maintenance operations under uncertain failuresAlain Bensoussan, Qi Feng, Suresh Sethi — 2009
• Asset replacement under improving operating and capital costs: a practical approachYuri Yatsenko, Natali Hritonenko — 2016
• Sequential investment in renewable energy technologies under policy uncertaintyLars H. Sendstad, Michail Chronopoulos — 2020
• Fractional-order optimal control model for the equipment management optimization problem with preventive maintenanceYanping Gong, Mingjiang Zha, Zhanmei Lv — 2021
• Optimal replacement policy for obsolete components with general failure ratesSophie Mercier — 2008
• Stochastic Carbon Taxes and Capital Turnover: A Real Options Model for Decarbonization InvestmentJoão Zambujal-Oliveira, João Duque — 2026

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