Optimal replacement of durable equipment in heat transmission systems.: An article from: Engineering Economist

This digital document is an article from Engineering Economist, published by Institute of Industrial Engineers, Inc. (IIE) on September 22, 1996. The length of the article is 6668 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the author: In this paper, the issue of maintaining an optimal level of services provided by heat transmission systems working in indefinite time is analyzed. In such systems, a stable level of services can be preserved only if parts of the heat transmission pipelines are periodically replaced. It is shown that the replacement policies that maximize total discounted net benefits in indefinite time are stationary (i.e., intervals of the pipelines of the same length have to be replaced in each period). The paper presents methods for determining stationary replacement policies in homogeneous and non-homogeneous heat transmission pipelines. Moreover, it is shown that, for the purpose of analyzing stationary replacement, complex heat transmission networks can be decomposed into a set of non-homogeneous pipelines. Such a decomposition simplifies the analysis and makes the methods presented useful for investigating heat transmission networks of any size.

Citation Details
Title: Optimal replacement of durable equipment in heat transmission systems.
Author: Jacek A. Cukrowski
Publication:Engineering Economist (Refereed)
Date: September 22, 1996
Publisher: Institute of Industrial Engineers, Inc. (IIE)
Volume: v42 Issue: n1 Page: p19(20)

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