Abstract
This book chapter outlines the different modelling approaches for realising sustainable operations of asset replacement and studying the impact of the economic life, the repair-cost limit and comprehensive cost minimisation models. In particular it analyses in detail the parallel replacement models and suggests a new model that addresses some of the issues not yet solved in this area. Finally a discussion about the limitations of the current models from a theoretical and applied perspective is proposed and identifies some of the challenges still faced by academics and practitioners working on this topic.
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Ansaripoor, A.H., Oliveira, F.S., Liret, A. (2013). The Asset Replacement Problem State of the Art. In: Owusu, G., O’Brien, P., McCall, J., Doherty, N. (eds) Transforming Field and Service Operations. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-44970-3_14
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DOI: https://doi.org/10.1007/978-3-642-44970-3_14
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