Dynamic Programming Approach to the Optimization of Naval Aircraft Rework and Replacement Policies
Abstract
The paper describes a method for determining optimal repair and replacement policies for aircraft, with specific reference to the F-4. The objective of the analysis is to choose the set of policies from all possible alternatives over a finite planning horizon which minimizes the cost of operations. A dynamic program is presented which seeks an optimal path through a series of decision periods, when each period begins with the choice of keeping an aircraft, reworking it before further operation, or buying a new one. One does not consider changes in technology. Therefore, when a replacement does occur, it is made with a similar aircraft. Multivariate statistical techniques are used to estimate the relevant costs as a function of age, and time since last rework.
Document Details
- Document Type
- Technical Report
- Publication Date
- Mar 01, 1971
- Accession Number
- AD0720363
Entities
People
- Arnold Neil Schwartz
- Carl R. Cooper
- James A. Sheler
Organizations
- Center for Naval Analyses