Paper Titles

Low-Complexity Multiplication Using Complement and Signed-Digit Recoding Methods
p.342

Comparative Study on Wear Particle Colour Classifications Using Various Machine Learning Algorithms
p.347

Design and Implementation of Linux-Based Supervisory and Control Configuration Software for Automatic Billet Cut-to-Length System
p.352

Modeling for Materials and Logistics Optimal System in JIT Flexible Manufacturing
p.359

A Study of a Single-Period Model for the Parallel Fleet Replacement Problem
p.364

Eco-Driving Rating Based on Average Trip Speed and Evaluation
p.371

Palm Oil EFB: Green Energy Source in Malaysia
p.376

Applying Kalman Filter for Correlated Demand Forecasting
p.381

Fuzzy-TOPSIS for Appropriate Site Selection for Establishing a Thermal Power Plant
p.385

HomeApplied Mechanics and MaterialsApplied Mechanics and Materials Vol. 619A Study of a Single-Period Model for the Parallel...

A Study of a Single-Period Model for the Parallel Fleet Replacement Problem

Article Preview

Abstract:

This paper presents a new approach for the parallel fleet replacement problem. The problem involves determining an optimal replacement schedule for a fleet of vehicles that results in minimal total cost of owning and operating the fleet. Four main aspects including utilization patterns, O&M cost patterns, salvage value patterns and replacement policies are considered. The proposed approach is to use a single-period integer programming model instead of the multiple-period model that requires much higher computing power and data requirement. The approach is tested on a small numerical example in eight scenarios. Promising results of off-optimal percentage are obtained.

You might also be interested in these eBooks

Mechanical and Electrical Technology VI

Info:

Periodical:

Applied Mechanics and Materials (Volume 619)

Pages:

364-370

DOI:

https://doi.org/10.4028/www.scientific.net/AMM.619.364

Citation:

Cite this paper

Online since:

August 2014

Authors:

E. Laksuwong, W. Pannakkong, Parthana Parthanadee, Jirachai Buddhakulsomsiri

Keywords:

Integer Program, Parallel Replacement Problem, Replacement Policies, Single-Period Model

Export:

RIS, BibTeX

Price:

Permissions CCC:

Request Permissions

Permissions PLS:

Request Permissions

Сopyright:

© 2014 Trans Tech Publications Ltd. All Rights Reserved

Share:

Citation:

[1] Fraser, J. M., & Posey, J. W. (1989). A framework for replacement decisions. European Journal of Operational Research, 40, 43–57.

[2] Hopp, W. J., & Nair, S. K. (1991). Timing replacement decisions under discontinuous technological change. Naval Research Logistics, 38, 203–220.

DOI: 10.1002/1520-6750(199104)38:2<203::aid-nav3220380207>3.0.co;2-e

[3] Bean, J. C., Lohmann, J. R., & Smith, R. L. (1994). Equipment replacement under technological change. Naval Research Logistics, 41, 117–128.

DOI: 10.1002/1520-6750(199402)41:1<117::aid-nav3220410108>3.0.co;2-u

[4] Hartman, J. C. (1999). A general procedure for incorporating asset utilization decisions into replacement analysis. The Engineering Economist, 44, 217–238.

DOI: 10.1080/00137919908967521

[5] Karabakal, N., Lohmann, J. R., & Bean, J. C. (1994). Parallel replacement under capital rationing constraints. Management Science, 40, 305–319.

DOI: 10.1287/mnsc.40.3.305

[6] Jones, P. C., Zydiak, J. L., & Hopp, W. J. (1991). Parallel machine replacement. Naval Research Logistics, 38, 351–365.

DOI: 10.1002/1520-6750(199106)38:3<351::aid-nav3220380306>3.0.co;2-u

[7] Hopp, W. J., Jones, P. C., & Zydiak, J. L. (1993). A further note on parallel machine replacement. Naval Research Logistics, 40, 575–579.

DOI: 10.1002/1520-6750(199306)40:4<575::aid-nav3220400411>3.0.co;2-d

[8] Tang, J., & Tang, K. (1993). A note on parallel machine replacement. Naval Research Logistics, 40, 551–555.

DOI: 10.1002/1520-6750(199306)40:4<569::aid-nav3220400410>3.0.co;2-f

[9] Chen, Z. (1998). Solution algorithms for the parallel replacement problem under economy of scale. Naval Research Logistics, 45, 279–295.

DOI: 10.1002/(sici)1520-6750(199804)45:3<279::aid-nav3>3.0.co;2-4

[10] Hartman, J. C. (2000). The parallel replacement problem with demand and capital budgeting constraints. Naval Research Logistics, 47, 40–56.

DOI: 10.1002/(sici)1520-6750(200002)47:1<40::aid-nav3>3.0.co;2-t

[11] Hartman, J. C. (2001). An economic replacement model with probabilistic asset utilization. IIE Transactions, 33, 717–727.

DOI: 10.1080/07408170108936868

[12] Hartman, J. C. (2004). Multiple asset replacement analysis under variable utilization and stochastic demand. European Journal of Operational Research, 159, 145–165.

DOI: 10.1016/s0377-2217(03)00397-7

[13] Hartman, J. C. (2006). Finite-horizon equipment replacement analysis. IIE Transactions, 38, 409–419.

DOI: 10.1080/07408170500380054

[14] Hartman, J. C., & Ban, J. (2002). The series-parallel replacement problem. Robotics and Computer Integrated Manufacturing, 18, 215–221.

DOI: 10.1016/s0736-5845(02)00012-1

[15] Chang, P. T. (2005). Fuzzy strategic replacement analysis. European Journal of Operational Research, 160, 532–559.

DOI: 10.1016/j.ejor.2003.07.001

[16] Hritonenko, N., Yatsenko Y. (2009). Integral equation of optimal replacement analysis and algorithms. Applied Mathematical Modelling, 33, 2737-2747.

DOI: 10.1016/j.apm.2008.08.007

[17] Redmer, A. (2009). Optimisation of the exploitation period of individual vehicles in freight transportation companies. Transportation Research Part E 45 978–987.

DOI: 10.1016/j.tre.2009.04.015

[18] Parthanadee, P., Buddhakulsomsiri, J., Charnsethikul, P. (2012).