An Application of Quasi-Integer Programming to a Capital Budgeting Problem in Pavement Maintenance.
Abstract
This paper models a capital budgeting problem in pavement maintenance as a nonlinear quasi-integer knapsack program and presents a solution procedure. It must be determined if certain segments of road will be repaved or major maintenance postponed for at least another year. If the road is to be repaved, a certain amount of variation in the funds expended is possible. The marginal return within the allowable interval of variation is estimated to be nonlinear. Also, a single linear constraint limiting the total amount of funds expended is present. Computational experience with the algorithm and a brief overview of other applications of the model are given. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Mar 01, 1977
- Accession Number
- ADA040547
Entities
People
- Fernando E. Palacios-gomez
- Ronald D. Armstrong
- W. D. Cook
Organizations
- University of Texas at Austin