Title
Dynamic Modeling Of Machinery Replacement Problems: Machinery Replacement Model,Used
Delivery time: 8-12 business days (International)
The effect of deterioration on resale value is examined in this study. Previous works on machinery replacement placed emphasis on the maximization of total maintenance costs and the minimization of profit without recourse to the effect of deterioration on the resale value. Some models exclude resale value in cost buildup.In other models values of deterioration are assumed or at best determined by highly subjective and expensive methods.In this work, deterioration values are generated as random numbers using the Monte Carlo simulation under the uniform probability distribution.The dynamic programming enumeration process is adopted as the solution technique.The model is calibrated and the results are verified with field data from different industries.Finally,the results of the model are compared with those of existing models.Basically,the results show that the model is reliable,operational and simple in application.The results show that the measured and predicted total costs are positively correlated with correlation coefficients between 0.72 and 0.99 for the machines considered in this work.The results show that the replacement dates are between 4&6years for construction machines.
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For more information, please visit www.P65Warnings.ca.gov.
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We ship your order within 2–3 business days for USA deliveries and 5–8 business days for international shipments. Once your package has been dispatched from our warehouse, you'll receive an email confirmation with a tracking number, allowing you to track the status of your delivery.
Returns
To facilitate a smooth return process, a Return Authorization (RA) Number is required for all returns. Returns without a valid RA number will be declined and may incur additional fees. You can request an RA number within 15 days of the original delivery date. For more details, please refer to our Return & Refund Policy page.
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Warranty
We provide a 2-year limited warranty, from the date of purchase for all our products.
If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
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