Optimal investment in product-flexible manufacturing capacity
Management Science
Automation, Production Systems, and Computer-Integrated Manufacturing
Automation, Production Systems, and Computer-Integrated Manufacturing
A heuristic algorithm for determining replacement policies in consecutive k-out-of-n systems
Computers and Operations Research
Optimal equipment replacement without paradoxes: A continuous analysis
Operations Research Letters
A paradox in equipment replacement under technological improvement
Operations Research Letters
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The main problem of establishing equipment replacement decisions rules under specific conditions is to find decision variables that minimize total incurred costs over a planning horizon. Basically, the rules differ depending on what type of production type is used. For batch production organization methods are suitable criteria built on the principle of economies of scale. Proposed models in this chapter are focused on a multiple machine replacement problem in flexible manufacturing cells that is characterized as a flow shop problem.