Replacing equipment is an important decision that nearly all entities must face, generally
motivated by rising operating and maintenance costs of current assets or the technological …

Carbon emissions from private transportation and resident travel are exhibiting a fast
upward trend that requires immediate action. Personal carbon trading (PCT) in private …

The optimal solution to the infinite-horizon equipment replacement problem with stationary
costs is to continually replace an asset at its economic life. The economic life is the age that …

Purpose The purpose of this paper is to develop an original model and a solution procedure
for solving jointly three main strategic fleet management problems (fleet composition …

This paper develops an optimal replacement strategy for capital intensive equipment with
long delivery lead time. The strategy is based on an extended version of the real options …

We examine the possibilities of premature and postponed replacement in a deterministic
infinite horizon model when there is technological progress. Both revenue and operating …

Strategic business plans are based upon assumptions of future wood costs. Future wood
costs are affected by future equipment cost inputs and technological change. Equipment …

The individual vehicle replacement problem typical for freight transportation companies is
discussed in the paper. Two characteristic features of such problem are that transportation …

Equipment replacement strategies are highly dependent on the horizon of analysis. While
the literature can generally be categorized according to infinite or finite-horizon solutions …

The paper presents the method that allows defining the optimal replacement policy for
vehicles utilized in a freight transportation company. The mathematical model of the problem …