A Note on the Multi-Component Deterministic Opportunistic Replacement

Rao, A and Rao, M R (2012) A Note on the Multi-Component Deterministic Opportunistic Replacement. Working Paper. SSRN. (Unpublished)

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Researchers in the past dealt with the optimization problem relating to deterministic opportunistic replacement problem. Complete solutions were obtained for a two component situation for both finite and infinite time horizon. For the multicomponent opportunistic replacements with fixed time horizon, a mixed integer linear programming formulation is given in the literature. In this paper, an alternative approach to solving the two-component problem is given. A Dyanamic Programming approach to solve the two-component problem which can be extended to K-component situation is also discussed. The mixed integer programming formulation is modified and compututaional advantages are discussed.

Affiliation: Indian School of Business
ISB Creiators:
ISB Creators
Rao, M R
Item Type: Monograph (Working Paper)
Additional Information: The research article was published by the author with the affiliation of Indian Institute of Management Bangalore.
Uncontrolled Keywords: Multi-Component, Deterministic Opportunistic, Dyanamic Programming, K-component
Subjects: Applied Statistics and Computing
Operations Management
Depositing User: Veeramani R
Date Deposited: 03 Apr 2019 16:05
Last Modified: 03 Apr 2019 16:05
URI: http://eprints.exchange.isb.edu/id/eprint/758
Publisher URL: http://dx.doi.org/10.2139/ssrn.2172158
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