Developing an Optimal Repair-Replacement Strategy for Pallets
Name
OR-047-76.pdf
Size
1.01 MB
Format
Adobe PDF
Checksum (MD5)
fdbac4b3d3eac1ea27c49a7883bb393e
Author(s)
Haehling Von Lanzenauer, Christoph
Wright, Don D.
Date Issued
February 1976
Publisher
Massachusetts Institute of Technology, Operations Research Center
Series/Report no.
Operations Research Center Working Paper;OR 047-76
Abstract
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 the problem, analysis and results of a study which is concerned with determining the optimal repair-replacement strategy for an organization managing a large number of wooden pallets.
MIT Department
Massachusetts Institute of Technology. Operations Research Center
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