A Model for Equipment Replacement Decisions and Policies
- 1 August 1983
- journal article
- Published by Institute for Operations Research and the Management Sciences (INFORMS) in Interfaces
- Vol. 13 (4) , 1-7
- https://doi.org/10.1287/inte.13.4.1
Abstract
A computer program using a dynamic programming algorithm to optimize the projected discounted cash flow is used by fleet managers at Phillips Petroleum Company in making replacement decisions for individual highway tractors. Now it is also being used to formulate policies for replacing passenger cars and light trucks.This publication has 0 references indexed in Scilit: