IDEAS home Printed from https://ideas.repec.org/a/wly/navlog/v18y1971i3p395-414.html
   My bibliography  Save this article

Dynamic programming approach to the optimization of Naval aircraft rework and replacement policies

Author

Listed:
  • Arnold Neil Schwartz
  • James A. Sheler
  • Carl R. Cooper

Abstract

This paper describes a method for determining optimal repair and replacement policies for aireraft, with specific reference to the F–4. The objective of the analysis is to choose the set of policies from all possible alternatives over a finite planning horizon which minimizes the cost of operations. A dynamic program is presented which seeks an optimal path through a series of decision periods, when each period begins with the choice of keeping an aircraft, reworking it before further operation, or buying a new one. We do not consider changes in technology. Therefore, when a replacement does occur, it is made with a similar aircraft. Multivariate statistical techniques are used to estimate the relevant costs as a function of age, and time since last rework.

Suggested Citation

  • Arnold Neil Schwartz & James A. Sheler & Carl R. Cooper, 1971. "Dynamic programming approach to the optimization of Naval aircraft rework and replacement policies," Naval Research Logistics Quarterly, John Wiley & Sons, vol. 18(3), pages 395-414, September.
    • Handle: RePEc:wly:navlog:v:18:y:1971:i:3:p:395-414
    DOI: 10.1002/nav.3800180310
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/nav.3800180310
    Download Restriction: no
    File URL: https://libkey.io/10.1002/nav.3800180310?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:navlog:v:18:y:1971:i:3:p:395-414. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://doi.org/10.1002/(ISSN)1931-9193 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.