A note on the fleet design problem. (response to P.C. Jones and J.L. Zydiak, The Engineering Economist, vol. 38, p. 83, 1993): An article from: Engineering Economist

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From the author: Recently, Jones and Zydiak examined the problem of determining the optimal steady state fleet design. They designed an optimality criterion of minimizing annual equivalent cost per vehicle, claiming that the traditional optimality criterion minimizing net present value of costs, leads to paradoxical results, as shown by an example. However, this paper shows that the paradox is actually a result of an unjust comparison.

Citation Details
Title: A note on the fleet design problem. (response to P.C. Jones and J.L. Zydiak, The Engineering Economist, vol. 38, p. 83, 1993)
Author: Joseph C. Hartman
Publication:Engineering Economist (Refereed)
Date: September 22, 1995
Publisher: Institute of Industrial Engineers, Inc. (IIE)
Volume: v41 Issue: n1 Page: p69(7)

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