Optimal maintenance and replacement decisions under technological change with consideration of spare parts inventories

Abstract

International audienc

An Integrated Pricing and Inventory Model for Deteriorating Products in a two stage supply chain under Replacement and Shortage

“…For example, Gomez et al [26] investigated the simultaneous production planning and quality problem for an unreliable single machine manufacturing system responding to a singleproduct type demand. Nguyen et al [27] studied the impact of spare parts inventory on equipment maintenance and replacement decisions under technological change via a Markov process formulation. Jain and Gupta [28] studied an optimal replacement policy for a repairable system with multiple vacations and imperfect fault coverage.…”

A survey of maintenance and service logistics management: Classification and research agenda from a maritime sector perspective

“…Asset replacement often occurs in the form of a new technology that renders existing spare parts inventories obsolete. Nguyen et al [190] study the impact of spare parts inventory on equipment maintenance and replacement decisions under technological change. Kumar and Saranga [191] present mathematical models that can be used to calculate the impact of various obsolescence mitigation options on the total LCC of a system.…”

Algorithms for asset replacement under limited technological forecast

“…In addition, the impact of uncertainty on the replacement policy is of primary importance (Mercier, 2008, Nguyen et al, 2013, Richardson et al, 2013.We leave these issues for a future study.…”