Condition-based Vehicle Fleet Retirement Decision: A Case Study

The vehicle replacement decision is a multi-objective optimization problem subject to the acquisition budget and government regulation constraints. This necessitates a condition-based replacement policy. In this paper, we carry out a case study of the vehicle fleet replacement problem. Based on the...

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Bibliographic Details
Published in:International journal of performability engineering 2010-07, Vol.6 (4), p.355
Main Authors: Jiang, R, Shi, Guangcai
Format: Article
Language:English
Subjects:
Correlation analysis
Decision making models
Motor vehicle fleets
Optimization
Regulation
Studies
Online Access:Get full text
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Summary:The vehicle replacement decision is a multi-objective optimization problem subject to the acquisition budget and government regulation constraints. This necessitates a condition-based replacement policy. In this paper, we carry out a case study of the vehicle fleet replacement problem. Based on the field data in a vehicle fleet management system, we derive a set of condition parameters for representing the health level of a vehicle. A correlation analysis is carried out to identify key condition parameters. The identified parameters are then combined into a health index. The index is useful for condition-based vehicle replacement decision. [PUBLICATION ABSTRACT]
ISSN:0973-1318