Replacing equipment is an important decision that nearly all entities must face, generally
motivated by rising operating and maintenance costs of current assets or the technological …

Dynamic network flow models describe network-structured, decision-making problems over
time. They are of interest because of their numerous applications and intriguing dynamic …

We present a classified bibliography of the literature in the area of forecast, solution, and
rolling horizons primarily in operations management problems. Each one of over 200 …

Fuzzy Sets in Decision Analysis, Operations Research and Statistics includes chapters on
fuzzy preference modeling, multiple criteria analysis, ranking and sorting methods, group …

This paper presents mathematical models and a solution approach to determine the optimal
preventive maintenance schedules for a repairable and maintainable series system of …

Reducing the size of a dynamic program through state aggregation can significantly reduce
both the data and the computation time required to solve a problem. We develop a new …

Businesses frequently have to decide which of their existing equipment to replace, taking
into account future changes in capacity requirements. The significance of this decision …

Contrary to serial replacement, parallel replacement problems require a decision maker to
evaluate a portfolio of replacement decisions in each time period because of economic …

The fleet replacement problem of a profit-maximizing manager is examined using an optimal
control model that captures both utilization and replacement decisions. Conditions for …

For infinite‐horizon replacement economy problems it is common practice to truncate the
problem at some finite horizon. We develop bounds on the error due to such a truncation …