Dynamic Optimization of Vehicle Fleet Size |
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Authors: | R. H. Mole |
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Affiliation: | 1.Department of Management Sciences,The University of Manchester Institute of Science and Technology,Manchester,England |
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Abstract: | This paper extends previous work on the fleet size problem. A dynamic programming model, based on a regeneration sequence, is developed for the more general case where the optimum fleet size is time dependent. The model can cater for vehicle obsolescence and is computationally simple. |
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