A vehicle replacement policy in a heavy transport fleet
by T.A. Nosseir, A.M. Saad
International Journal of Heavy Vehicle Systems (IJHVS), Vol. 5, No. 2, 1998

Abstract: A vehicle replacement model has been proposed based on the annual vehicle profit. The vehicle is replaced if its expected profit is less than the profit limit obtained for that age under consideration. The model has been applied to a case in which old data covering ten years is known. It showed that the company policy correlates with the model results under the condition that the company replaces the non profitable vehicles. A sensitivity test is also presented in the study.

Online publication date: Tue, 18-Jun-2013

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