Advanced search
Publication Cover
IIE Transactions Volume 18, 1986 - Issue 2
Submit an article Journal homepage
34
Views
16
CrossRef citations to date
0
Altmetric
Original Articles

A Stochastic Replacement Economic Decision Model

Jack R. Lohmann Department of Industrial Engineering and Operations Engineering, University of Michigan, Ann Arbor, Michigan, 48109
Pages 182-194 | Received 01 May 1984, Published online: 09 Jul 2007

Citations (16)

Keep up to date with the latest research on this topic with citation updates for this article.

Subscribe to citation updates

Read on this site (7)

Mohamad Zarean, Ahmad Reza Sayadi & Amin Alah Mousavi. (2022) Case study of an equivalent annual cost model for economic lifetime for construction vehicles under cost uncertainty. The Engineering Economist 67:1, pages 75-93.
Read now
Carlos Diniz & John Sessions. (2020) Ensuring consistency between strategic plans and equipment replacement decisions. International Journal of Forest Engineering 31:3, pages 211-223.
Read now
Nattawoot Koowattanatianchai & Michael B. Charles. (2015) An Extended Asset Replacement Model: Impacts of Taxation, Inflation and Technological Advancement on Optimal Asset Duration. INFOR: Information Systems and Operational Research 53:4, pages 178-193.
Read now
Joseph C. Hartman & Chin Hon Tan. (2014) Equipment Replacement Analysis: A Literature Review and Directions for Future Research. The Engineering Economist 59:2, pages 136-153.
Read now
JOSEPHC. HARTMAN. (2001) An economic replacement model with probabilistic asset utilization. IIE Transactions 33:9, pages 717-727.
Read now
JOSEPHC. HARTMAN. (1998) A linear programming formulation with integer solutions for solving an equipment replacement problem with multiple assets: the concave demand case. International Journal of Systems Science 29:11, pages 1225-1234.
Read now
GEORGEC. PRUEITT & CHANS. PARK. (1997) PHASED CAPACITY EXPANSION - USING CONTINUOUS DISTRIBUTIONS TO MODEL PRIOR BELIEFS. The Engineering Economist 42:2, pages 91-110.
Read now

Articles from other publishers (9)

Elif Haktanır & Cengiz Kahraman. (2023) Intelligent replacement analysis using picture fuzzy sets: Defender-challenger comparison application. Engineering Applications of Artificial Intelligence 121, pages 106018.
Crossref
Adam Redmer. (2020) Strategic vehicle fleet management–a joint solution of make-or-buy, composition and replacement problems. Journal of Quality in Maintenance Engineering 28:2, pages 327-349.
Crossref
Zhenhua Huang, Yang Chen, Liyin Shen, Yali Huang & Shengping Li. (2021) An improved stochastic life-cycle cost analysis model for examining the impact of environmental policy instruments on construction equipment replacement. Environmental Impact Assessment Review 90, pages 106627.
Crossref
Steven Richardson, Adrian Kefford & Melinda Hodkiewicz. (2013) Optimised asset replacement strategy in the presence of lead time uncertainty. International Journal of Production Economics 141:2, pages 659-667.
Crossref
Cengiz Kahraman & Murat Levent Demircan. 2008. Fuzzy Engineering Economics with Applications. Fuzzy Engineering Economics with Applications 145 157 .
Ethem Tolga, Murat Levent Demircan & Cengiz Kahraman. (2005) Operating system selection using fuzzy replacement analysis and analytic hierarchy process. International Journal of Production Economics 97:1, pages 89-117.
Crossref
Di Jin & Hauke L. Kite-Powell. (2000) Optimal fleet utilization and replacement. Transportation Research Part E: Logistics and Transportation Review 36:1, pages 3-20.
Crossref
A.O. Esogbue & W.E. Hearnes. (1998) On replacement models via a fuzzy set theoretic framework. IEEE Transactions on Systems, Man and Cybernetics, Part C (Applications and Reviews) 28:4, pages 549-560.
Crossref
Augustine O. Esogbue & Warren E. HearnesIIII. 1998. Fuzzy Sets in Decision Analysis, Operations Research and Statistics. Fuzzy Sets in Decision Analysis, Operations Research and Statistics 421 447 .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Order Reprints Request Corporate Permissions

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

Request Academic Permissions

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.

Related research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.