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Developing an Optimal Repair-Replacement Strategy for Pallets

Author(s)
Haehling Von Lanzenauer, Christoph; Wright, Don D.
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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.
Date issued
1976-02
URI
http://hdl.handle.net/1721.1/5139
Publisher
Massachusetts Institute of Technology, Operations Research Center
Series/Report no.
Operations Research Center Working Paper;OR 047-76

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  • Operations Research Center Working Papers

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