Equipment Replacement Decision Making: Opportunities and Challenges
Fan, Wei (David)
Gemar, Mason D.
Public Economics, | Research and Development/Tech Change/Emerging Technologies, Research Methods/ Statistical Methods, Resource /Energy Economics and Policy,
The primary function of equipment managers is to replace the right equipment at the right time and at the lowest overall cost. In this paper, the opportunities and challenges associated with equipment replacement optimization (ERO) are discussed in detail. First, a comp...