Developing an Optimal Repair-Replacement Strategy for Pallets

The problem of determining when to repair and when to replace failing equipment is a concern of management of productive resources. Inefficient management due to the use of non-optimal repair-replacement policies can have significant financial implications. The purpose of this paper is to describe t...

Full description

Bibliographic Details
Main Authors: Haehling Von Lanzenauer, Christoph, Wright, Don D.
Format: Working Paper
Language:en_US
Published: Massachusetts Institute of Technology, Operations Research Center 2004
Online Access:http://hdl.handle.net/1721.1/5139