Optimal replacement planning by geometric programming

Research output: Journal article publicationJournal articleAcademic researchpeer-review

Abstract

Geometric programming (GP) is suggested as an analytical tool for solving replacement problems with infinite time horizon. The GP solution method is described and explained through the formulation and solution of a typical replacement problem. A simple example is worked out to demonstrate the pint that GP has potential as an appropriate mathematical tool for the analysis of certain types of replacement problems.
Original languageEnglish
Pages (from-to)91-97
Number of pages7
JournalIMA Journal of Management Mathematics
Volume1
Issue number2
DOIs
Publication statusPublished - 1 Dec 1986
Externally publishedYes

ASJC Scopus subject areas

  • Management Information Systems
  • Modelling and Simulation
  • Economics, Econometrics and Finance(all)
  • Strategy and Management
  • Management Science and Operations Research
  • Applied Mathematics

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