Optimal Replacement, Retrofit, and Management of a Fleet of Assets under Regulations of an Emissions Trading System

References

• Abdi, A., & Taghipour, S. (2018). An optimization model for fleet management with economic and environmental considerations, under a cap-and-trade market. Journal of Cleaner Production, 204, 130–143. https://doi.org/10.1016/j.jclepro.2018.08.345
   Web of Science ®Google Scholar
• Abdi, A., Taghipour, S., & Khamooshi, H. (2018). A model to control environmental performance of project execution process based on greenhouse gas emissions using earned value management. International Journal of Project Management, 36 (3), 397–413. https://doi.org/10.1016/j.ijproman.2017.12.003
   Web of Science ®Google Scholar
• Afrinaldi, F., Tasman, A. M., Zhang, H.-C., & Hasan, A. (2017). Minimizing economic and environmental impacts through an optimal preventive replacement schedule: Model and application. Journal of Cleaner Production, 143, 882–893. https://doi.org/10.1016/j.jclepro.2016.12.033
   Web of Science ®Google Scholar
• Ahani, P., Arantes, A., & Melo, S. (2016). A portfolio approach for optimal fleet replacement toward sustainable urban freight transportation. Transportation Research Part D: Transport and Environment, 48, 357–368. https://doi.org/10.1016/j.trd.2016.08.019
   Web of Science ®Google Scholar
• Büyüktahtakın, İ. E., & Hartman, J. C. (2016). A mixed-integer programming approach to the parallel replacement problem under technological change. International Journal of Production Research, 54 (3), 680–695. https://doi.org/10.1080/00207543.2015.1030470
   Web of Science ®Google Scholar
• Büyüktahtakın, İ. E., Smith, J. C., Hartman, J. C., & Luo, S. (2014). Parallel asset replacement problem under economies of scale with multiple challengers. The Engineering Economist, 59 (4), 237–258. https://doi.org/10.1080/0013791X.2014.898113
   Web of Science ®Google Scholar
• Christer, A. H., & Scarf, P. A. (1994). A robust replacement model with applications to medical equipment. Journal of the Operational Research Society, 45 (3), 261–275. https://doi.org/10.1057/jors.1994.39
   Web of Science ®Google Scholar
• CPLEX. (2017). IBM ILOG CPLEX Optimization Studio.
   Google Scholar
• Fan, W., Machemehl, R. B., & Kortum, K. (2011). Equipment replacement optimization: Solution methodology, statistical data analysis, and cost forecasting. Transportation Research Record: Journal of the Transportation Research Board, 2220 (1), 88–98. https://doi.org/10.3141/2220-11
   Google Scholar
• Feldman, R. M., & Valdez-Flores, C. (2014). Applied probability and stochastic processes. Springer Science & Business Media.
   Google Scholar
• Feng, W., & Figliozzi, M. (2013). An economic and technological analysis of the key factors affecting the competitiveness of electric commercial vehicles: A case study from the USA market. Transportation Research Part C: Emerging Technologies, 26, 135–145. https://doi.org/10.1016/j.trc.2012.06.007
   Web of Science ®Google Scholar
• Fraser, J. M., & Posey, J. W. (1989). A framework for replacement analysis. European Journal of Operational Research, 40 (1), 43–57. https://doi.org/10.1016/0377-2217(89)90271-3
   Web of Science ®Google Scholar
• Hartman, J. C., & Ban, J. (2002). The series–parallel replacement problem. Robotics and Computer-Integrated Manufacturing, 18 (3-4), 215–221. https://doi.org/10.1016/S0736-5845(02)00012-1
   Web of Science ®Google Scholar
• Hartman, J. C. (2000). The parallel replacement problem with demand and capital budgeting constraints. Naval Research Logistics, 47 (1), 40–56. https://doi.org/10.1002/(SICI)1520-6750(200002)47:1<40::AID-NAV3>3.0.CO;2-T
   Web of Science ®Google Scholar
• Hartman, J. C., & Tan, C. H. (2014). Equipment replacement analysis: A literature review and directions for future research. The Engineering Economist, 59 (2), 136–153. https://doi.org/10.1080/0013791X.2013.862891
   Web of Science ®Google Scholar
• He, H., Fan, J., Li, Y., & Li, J. (2017). When to switch to a hybrid electric vehicle: A replacement optimisation decision. Journal of Cleaner Production, 148, 295–303. https://doi.org/10.1016/j.jclepro.2017.01.140
   Web of Science ®Google Scholar
• Hsu, B.-M., & Shu, M.-H. (2010). Reliability assessment and replacement for machine tools under wear deterioration. The International Journal of Advanced Manufacturing Technology, 48 (1-4), 355–365. https://doi.org/10.1007/s00170-009-2257-7
   Web of Science ®Google Scholar
• Jardine, A. K., & Tsang, A. H. (2013). Maintenance, Replacement, and reliability: theory and applications. CRC Press.
   Google Scholar
• Karabakal, N., Lohmann, J. R., & Bean, J. C. (1994). Parallel replacement under capital rationing constraints. Management Science, 40 (3), 305–319. https://doi.org/10.1287/mnsc.40.3.305
   Web of Science ®Google Scholar
• Mardin, F., & Arai, T. (2012). Capital equipment replacement under technological change. The Engineering Economist, 57 (2), 119–129. https://doi.org/10.1080/0013791X.2012.677112
   Web of Science ®Google Scholar
• Meyer, B. C. (1993). Market obsolescence and strategic replacement models. The Engineering Economist, 38 (3), 209–221. https://doi.org/10.1080/00137919308903098
   Google Scholar
• Ngo, H. H., Shah, R., & Mishra, S. (2018). Optimal asset management strategies for mixed transit fleet. Transportation Research Part A: Policy and Practice, 117, 103–116. https://doi.org/10.1016/j.tra.2018.08.013
   Web of Science ®Google Scholar
• Pan, E., Liao, W., & Xi, L. (2010). Single-machine-based production scheduling model integrated preventive maintenance planning. The International Journal of Advanced Manufacturing Technology, 50 (1-4), 365–375. https://doi.org/10.1007/s00170-009-2514-9
   Web of Science ®Google Scholar
• Purdon, M., Houle, D., & Lachapelle, E. (2014). The political economy of California and Quebec's cap-and-trade systems. Sustainable Prosperity (University of Ottawa).
   Google Scholar
• Regnier, E., Sharp, G., & Tovey, C. (2004). Replacement under ongoing technological progress. IIE Transactions, 36 (6), 497–508. https://doi.org/10.1080/07408170490438401
   Web of Science ®Google Scholar
• Riechi, J., Mácian, V., Tormos, B., & Avila, C. (2017). Optimal fleet replacement: A case study on a Spanish urban transport fleet. Journal of the Operational Research Society, 68 (8), 886–894. https://doi.org/10.1057/s41274-017-0236-1
   Web of Science ®Google Scholar
• Scarf, P. A., & Hashem, M. (2002). Characterization of optimal policy for capital replacement models. IMA Journal of Management Mathematics, 13 (4), 261–271. https://doi.org/10.1093/imaman/13.4.261
   Google Scholar
• Scarf, P. A., & Hashem, M. H. (1997). On the application of an economic life model with a fixed planning horizon. International Transactions in Operational Research, 4 (2), 139–150. https://doi.org/10.1111/j.1475-3995.1997.tb00070.x
   Google Scholar
• Skjaerseth, J., & Wettestad, J. (2016). EU emissions trading: Initiation, decision-making and implementation. Routledge.
   Google Scholar
• Stavins, R. N. (2003). Experience with market-based environmental policy instruments. In Handbook of environmental economics, 355–435. Elsevier.
   Google Scholar
• Stocker, T. (2014). Climate change 2013: The physical science basis: Working Group I contribution to the Fifth assessment report of the Intergovernmental Panel on Climate Change. Cambridge University Press.
   Google Scholar
• Tanchoco, J. M. A., & Leung, L. C. (1987). An input-output model for equipment replacement decisions. Engineering Costs and Production Economics, 11 (2), 69–78. https://doi.org/10.1016/0167-188X(87)90013-9
   Web of Science ®Google Scholar
• UNFCCC. (1992). United Nations Framework Convention on Climate Change.
   Google Scholar
• UNFCCC. (1997). United Nations Framework Convention on Climate Change. Kyoto Protocol.
   Google Scholar
• UNFCCC. (2015). United Nations Framework Convention on Climate Change. Paris Agreement.
   Google Scholar
• Wang, K.-J., & Nguyen, P. H. (2017). Capacity planning with technology replacement by stochastic dynamic programming. European Journal of Operational Research, 260 (2), 739–750. https://doi.org/10.1016/j.ejor.2016.12.046
   Web of Science ®Google Scholar
• Yatsenko, Y., & Hritonenko, N. (2011). Economic life replacement under improving technology. International Journal of Production Economics, 133 (2), 596–602. https://doi.org/10.1016/j.ijpe.2011.04.027
   Web of Science ®Google Scholar
• Yatsenko, Y., & Hritonenko, N. (2017a). Machine replacement under evolving deterministic and stochastic costs. International Journal of Production Economics, 193, 491–501.
   Web of Science ®Google Scholar
• Yatsenko, Y., & Hritonenko, N. (2017b). Two-cycle optimization in replacement models with non-exponential technological improvement. IMA Journal of Management Mathematics, 28 (3), 359–372.
   Web of Science ®Google Scholar
• Zheng, S., & Chen, S. (2018). Fleet replacement decisions under demand and fuel price uncertainties. Transportation Research Part D: Transport and Environment, 60, 153–173. https://doi.org/10.1016/j.trd.2016.09.001
   Web of Science ®Google Scholar