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Developing an optimal repair‐replacement strategy for pallets

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  • Christoph Haehling Von Lanzenauer
  • Don D. Wright

Abstract

A Markovian model is presented for the development of an optimal repair‐replacement policy for the situation requiring a decision only at failure. The problem is characterized by the presence of growth which is integrated into the formulation. The model is applied to an actual problem, with data analysis and results given. Substantial savings are indicated.

Suggested Citation

  • Christoph Haehling Von Lanzenauer & Don D. Wright, 1978. "Developing an optimal repair‐replacement strategy for pallets," Naval Research Logistics Quarterly, John Wiley & Sons, vol. 25(1), pages 169-178, March.
    • Handle: RePEc:wly:navlog:v:25:y:1978:i:1:p:169-178
    DOI: 10.1002/nav.3800250114
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    Cited by:

    1. Fabiana Tornese & Maria Grazia Gnoni & Brian K. Thorn & Andres L. Carrano & Jennifer A. Pazour, 2021. "Management and Logistics of Returnable Transport Items: A Review Analysis on the Pallet Supply Chain," Sustainability, MDPI, vol. 13(22), pages 1-23, November.

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