“…If the discount rate is largest, it is optimal to postpone maintenance as long as possible, as the Bohn (2007), Borge and Hopland (2012), Drazen and Eslava (2010), Fiva and Natvik (2013), Gauteplass and Hopland (2017), Glazer (1989), Helland and Sørensen (2008), Rosen (1989, 1993), ), Holtz-Eakin et al (1994, Hopland (2015) and Natvik (2013) Optimal maintenance modeling Establish and apply optimization models for maintenance scheduling in various settings, e.g. for machines Bensoussan and Sethi (2007), Cavalcante et al (2018), De Jonge and Jakobsons (2018), Jiang (2009), Kamien and Schwartz (1971), Li et al (2016), Maillart (2006), Park et al (2018), Rebaiaia et al (2017), Sidib e et al (2017) and Smith and Hinchcliffe (2004) Optimal life-cycle analysis of public buildings Use insights from the optimal maintenance modeling literature to establish and apply optimization models specifically adopted for life-cycle analysis of public buildings Hopland and Kvamsdal (2016) and Hopland et al (2019) Table 3.…”