Advanced search
Publication Cover
International Journal of Forest Engineering Volume 31, 2020 - Issue 2
Submit an article Journal homepage
211
Views
4
CrossRef citations to date
0
Altmetric
Research Article

Equipment replacement policy for forest machines in Brazil

Carlos Diniza Economy, Administration, Legislation and Forest Policy, Federal University of Parana, Curitiba, BrazilCorrespondence[email protected]
View further author information
,
John Sessionsb Forest Engineering, Resources & Management, Oregon State University, Corvallis, OR, USAView further author information
,
Romano Timofeiczyk Juniora Economy, Administration, Legislation and Forest Policy, Federal University of Parana, Curitiba, BrazilView further author information
&
Renato Robertc Forest Products Technology and Use, Federal University of Parana, Curitiba, BrazilView further author information
Pages 87-94 | Received 02 Sep 2019, Accepted 18 Nov 2019, Published online: 23 Nov 2019

References

  • Ackerman P, Belbo H, Eliasson L, de Jong A, Lazdins A, Lyons J. 2014. The COST model for calculation of forest operations costs. Int J For Eng. 25:75–81.
  • Bowman H, Fetter RB. 1967. Analysis for production and operations management. 3rd ed. Homewood (IL): Richard D. Irwin, Inc.
  • Brinker RW, Kinard J, Rummer B, Lanford B. 2002. Machine rates for selected forest harvesting machines. Auburn (AL): Alabama Experiment Station; p. 32.
  • Cross TL, Perry GM. 1995. Depreciation patterns for agricultural machinery. Am J Agric Econ. 77:194–204.
  • Di Fulvio F, Abbas D, Spinelli R, Acuna M, Ackerman P, Lindroos O. 2017. Benchmarking technical and cost factors in forest felling and processing operations in different global regions during the period 2013–2014. Int J For Eng. 28:94–105.
  • Dodson E, Hayes S, Meek J, Keyes CR. 2015. Montana logging machine rates. Int J For Eng. 26:85–95.
  • Elton EJ, Gruber MJ. 1976. On the optimality of an equal life policy for equipment subject to technological improvement. J Oper Res Soc. 27:93–99.
  • Hartman JC. 2007. Engineering economy and the decision-making process. Upper Saddle River (NJ): Pearson Prentice Hall.
  • Hartman JC, Murphy A. 2006. Finite-horizon equipment replacement analysis. IIE Trans. 38:409–419.
  • Hartman JC, Tan CH. 2014. Equipment replacement analysis: a literature review and directions for future research. Eng Econ. 59:136–153.
  • Hopkins DSP. 1971. Infinite horizon optimality in an equipment replacement and capacity expansion model. Manage Sci. 18:145–156.
  • Ibá – Brasilian tree industry. 2017. Annual report. Brasília. Pöyry Consultoria em Gestão e Negócios Ltda. 0-80. (in English).
  • Loewenstein G, Weber EU, Hsee CK, Welch N. 2001. Risk as feelings. Psychol Bull. 127::267–86.
  • Malinen J, Laitila J, Väätäinen K, Viitamäki K. 2016. Variation in age, annual usage and resale price of cut-to-length machinery in different regions of Europe. Int J For Eng. 27:95–102.
  • Martínez-Costa C, Mas-Machuca M, Benedito E, Corominas A. 2014. A review of mathematical programing models for strategic capacity planning in manufacturing. Int J Prod Econ. 153:66–85.
  • McEwan A, Marchi E, Spinelli R, Brink M. 2019. Past, present and future of industrial plantation forestry and implication on future timber harvesting technology. J For Res. 1–13.
  • Newman D, Eschenbach T, Lavelle J. 2004. Engineering economic analysis. 9th ed. New York: Oxford University Press.
  • Nguyen TPK, Yeung TG, Castanier B. 2013. Optimal maintenance and replacement decisions under technological change with consideration of spare parts inventories. Int J Prod Econ. 143:472–477.
  • Perry GM, Glyer JD. 1990. Durable asset depreciation: A reconciliation between hypotheses. Rev Econ Stat. 72:524–529.
  • Peterson M. 2009. An introduction on decision theory. Cambridge University Press.
  • Regnier E, Sharp G, Tovey C. 2004. Replacement under ongoing technological progress. IIE Trans. 36:497–508.
  • Richardson S, Kefford A, Hodkiewicz M. 2013. Optimised asset replacement strategy in the presence of lead time uncertainty. Int J Prod Econ. 141:659–667.
  • Rogers J, Hatman J. 2005. Equipment replacement under continuous and discontinuous technological change. IMA J Manag Math. 16:23–36.
  • Scarf PA, Hashem M. 2002. Characterization of optimal policies for capital replacement models. IMA J Manag Math. 13:261–271.
  • Spinelli R, Magagnotti N, Picchi G. 2011. Annual use, economic life and residual value of cut-to-length harvesting machines. J For Econ. 17:378–387.
  • Terborgh G. 1949. Dynamic equipment policy. New York: McGraw-Hill.
  • Thuesen GFabrycky W. 1993. Engineering economy. 8th ed. Englewood Cliffs, New Jersey: Prentice Hall.
  • Van Oosterom CD, Elwany AH, Çelebi D, Van Houtum GJ. 2014. Optimal policy for a delay time model with postponed replacement. Eur J Oper Res. 232:186–197.
  • Virlics A. 2013. Investment decision making and risk. Procedia Econ Finance. 6:169–177.
  • Yatsenko Y, Hritonenko N. 2005. Optimization of the lifetime of capital equipment using integral models. J Ind Manag Optim. 1:415–432.
  • Yatsenko Y, Hritonenko N. 2008. Properties of optimal machine service life under technological change. J Ind Manag Optim. 114:230–238.
  • Yatsenko Y, Hritonenko N. 2010. Discrete-continuous analysis of optimal equipment replacement. Int Transport Oper Res. 17:577–593.
  • Yatsenko Y, Hritonenko N. 2011. Economic life replacement under improving technology. Int J Prod Econ. 133:596–602.
  • Yatsenko Y, Hritonenko N. 2015. Algorithms for asset replacement under limited technological forecast. Int J Prod Econ. 160:26–33.
  • Yatsenko Y, Hritonenko N. 2017. Machine replacement under evolving deterministic and stochastic costs. Int J Prod Econ. 193:491–501.

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.