STRATEGIC REPLACEMENT DECISIONS: GROUP VERSUS STAGGERED REPLACEMENT POLICY - Softcover

Kim, Kyongsun; S. Park, Chan

9783838391625: STRATEGIC REPLACEMENT DECISIONS: GROUP VERSUS STAGGERED REPLACEMENT POLICY
Softcover
ISBN 10: 3838391624 ISBN 13: 9783838391625
Publisher: LAP LAMBERT Academic Publishing, 2010
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Replacement decisions are critical in most businesses, because assets are subject to deterioration or obsolescence with usage and time. In addition, technological improvement affects the replacement cycle of assets. In our research, we focus on a fleet replacement problem with a single- unit. The main problems of fleet replacement decisions are first, when we should replace existing assets with new assets, and second, how many assets to replace at once. To solve these problems, we introduce two policies for fleet replacement: group replacement and staggered replacement. To address these issues, we develop mathematical models and analyze results to find the preferable policy under certain conditions.

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About the Author:
Kyongsun Kim is a captain of Korean Military and she earned a BS degree from the Korea Military Academy and her MS degree in Industrial Engineering from Auburn University. Chan S. Park is a Daniel and Josephine Breeden Professor at Auburn University. His research areas include engineering economic systems and financial engineering.

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Book Description Taschenbuch. Condition: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -Replacement decisions are critical in most businesses, because assets are subject to deterioration or obsolescence with usage and time. In addition, technological improvement affects the replacement cycle of assets. In our research, we focus on a fleet replacement problem with a single- unit. The main problems of fleet replacement decisions are first, when we should replace existing assets with new assets, and second, how many assets to replace at once. To solve these problems, we introduce two policies for fleet replacement: group replacement and staggered replacement. To address these issues, we develop mathematical models and analyze results to find the preferable policy under certain conditions. 108 pp. Englisch. Seller Inventory # 9783838391625

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Book Description Taschenbuch. Condition: Neu. nach der Bestellung gedruckt Neuware - Printed after ordering - Replacement decisions are critical in most businesses, because assets are subject to deterioration or obsolescence with usage and time. In addition, technological improvement affects the replacement cycle of assets. In our research, we focus on a fleet replacement problem with a single- unit. The main problems of fleet replacement decisions are first, when we should replace existing assets with new assets, and second, how many assets to replace at once. To solve these problems, we introduce two policies for fleet replacement: group replacement and staggered replacement. To address these issues, we develop mathematical models and analyze results to find the preferable policy under certain conditions. Seller Inventory # 9783838391625

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Book Description Condition: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Autor/Autorin: Kim KyongsunKyongsun Kim is a captain of Korean Military and she earned a BS degree from the Korea Military Academy and her MS degree in Industrial Engineering from Auburn University. Chan S. Park is a Daniel and Josephine Breeden. Seller Inventory # 5419399

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