Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
9664090 | European Journal of Operational Research | 2005 | 28 Pages |
Abstract
This paper presents a fuzzy methodology for replacement of equipment. Issues such as fuzzy modeling of degradation parameters and determining fuzzy strategic replacement and economic lives are extensively discussed. For the strategic purpose, addible market and cost effects from the replacements against the counterpart, i.e., the existing equipment cost and market obsolescence, are modeled fuzzily and interactively, in addition to the equipment deterioration. Both the standard fuzzy arithmetic and here re-termed requisite-constraint vertex fuzzy arithmetic (or the vertex method) are applied and investigated. Two numerical examples and the results are provided.
Related Topics
Physical Sciences and Engineering
Computer Science
Computer Science (General)
Authors
Ping-Teng Chang,