A Model for Equipment Replacement Decisions and Policies

Richard Waddell
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Richard Waddell: 457 Information Center, Phillips Petroleum Company, Bartlesville, Oklahoma 74004

Interfaces, 1983, vol. 13, issue 4, 1-7

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.

Keywords: decision analysis: applications; facilities/equipment planning: maintenance; replacement (search for similar items in EconPapers)
Date: 1983
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