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This paper studies the issue of coordinating equipment maintenance operations with capital investment strategy in the presence of random equipment failures. This problem represents an important extension of the celebrated Kamien and Schwartz (KS) paper published in Management Science. The...
Persistent link: https://www.econbiz.de/10014046640
We develop a general model for software development process and propose a policy to manage system coordination using system fault reports (e.g., interface inconsistencies, parameter mismatches, etc.). These reports are used to determine the timing of coordination activities that remove faults....
Persistent link: https://www.econbiz.de/10014047771
This article considers the problem of equipment replacement in which the replacement decision at a particular time must take into account (i) the state of the existing machine in use, (ii) the available replacement alternatives at the time, (iii) the future advances in the relevant technologies...
Persistent link: https://www.econbiz.de/10014219998
The dynamic transportation problem is a transportation problem over time. That is, a problem of selecting at each instant of time, the optimal flow of commodities from various sources to various sinks in a given network so as to minimize the total cost of transportation subject to some supply...
Persistent link: https://www.econbiz.de/10014220001