A mixed integer nonlinear programming model for the optimal repair–replacement in the firm

Optimal repair–replacement problem is an important aspect of economic decision making at the firm and aggregate levels. In this paper, we extend the continuous time optimal replacement model in the firm under technological progress by considering the possibility of repairing/replacing the machines d...

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Bibliographic Details
Published in:	Mathematical social sciences Vol. 66; no. 3; pp. 366 - 371
Main Authors:	Motamedi, N., Reza Peyghami, M., Hadizadeh, M.
Format:	Journal Article
Language:	English
Published:	Elsevier B.V 01.11.2013 NH, Elsevier
Subjects:	Cost function Decision making Non-linear models Technological change
ISSN:	0165-4896, 1879-3118
Online Access:	Get full text
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