Optimization of Equipment Replacement: Dynamic Programming-Based Optimization

The purpose of this paper is to present an optimization model formulation based on deterministic dynamic programming (DDP) and to propose both the Bellman and Wagner approaches to solve the problem of equipment replacement optimization (ERO). The developed solution methodology is general and can be...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	Transportation research record 2012-01, Vol.2292 (1), p.160-170
Hauptverfasser:	Fan, Wei (David), Machemehl, Randy B., Gemar, Mason David
Format:	Artikel
Sprache:	eng
Schlagworte:	Computer programs Cost engineering Mathematical models Optimization Recursion Software Transportation Vehicles
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!